1- The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders’ equity 12/31/2024 12/31/2023 Common stock, $5 par; 38 million shares authorized; 33 million shares issued and 29 million shares outstanding at 12/31/2024; and _____________blank million shares issued and _____________blank shares outstanding at 12/31/2023. $ 165 million $ 145 million Additional paid-in capital on common stock 525 million 402 million Retained earnings 190 million 162 million Treasury common stock, at cost, 4 million shares at 12/31/2024 and 2 million shares at 12/31/2023
1- The following partial information is taken from the comparative
| Shareholders’ equity | 12/31/2024 | 12/31/2023 | ||
|---|---|---|---|---|
| Common stock, $5 par; 38 million shares authorized; 33 million shares issued and 29 million shares outstanding at 12/31/2024; and _____________blank million shares issued and _____________blank shares outstanding at 12/31/2023. | $ 165 | million | $ 145 | million |
| Additional paid-in capital on common stock | 525 | million | 402 | million |
| 190 | million | 162 | million | |
| Treasury common stock, at cost, 4 million shares at 12/31/2024 and 2 million shares at 12/31/2023 | (65 | million) | (43 | million) |
| Total shareholders’ equity | $ 815 | million | $ 666 | million |
What was the average price (rounded to the nearest dollar) of the additional shares issued by Levi in 2024?
2-
Yellow Enterprises reported the following ($ in thousands) as of December 31, 2024. All accounts have normal balances.
| Deficit (debit balance in retained earnings) | $ 2,300 |
|---|---|
| Common stock | 3,800 |
| Paid-in capital—share repurchase | 1,800 |
| 300 | |
| Paid-in capital—excess of par | 31,100 |
During 2025 ($ in thousands), net income was $9,700; 25% of the treasury stock was resold for $600; cash dividends declared were $630; cash dividends paid were $460.
What ($ in thousands) was shareholders' equity as of December 31, 2025?
Yellow Enterprises reported the following ($ in thousands) as of December 31, 2024. All accounts have normal balances.
| Deficit (debit balance in retained earnings) | $ 1,800 |
|---|---|
| Common stock | 3,400 |
| Paid-in capital—share repurchase | 1,500 |
| Treasury stock (at cost) | 350 |
| Paid-in capital—excess of par | 30,100 |
During 2025 ($ in thousands), net income was $10,000; 25% of the treasury stock was resold for $630; cash dividends declared were $790; cash dividends paid were $470.
What ($ in thousands) was shareholders' equity as of December 31, 2024?
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