he following partial information is taken from the comparative balance sheet of Levi Corporation:Shareholders’ equity12/31/202412/31/2023Common stock, $5 par; 38 million shares authorized; 33 million shares issued and 29 million shares outstanding at 12/31/2024; and _____________blank million shares issued and _____________blank shares outstanding at 12/31/2023.$ 165million$ 145millionAdditional paid-in capital on common stock525million402millionRetained earnings190million162millionTreasury common stock, at cost, 4 million shares at 12/31/2024 and 2 million shares at 12/31/2023(65million)(43million)Total shareholders’ equity$ 815million$ 666millionWhat was the average price (rounded to the nearest dollar) of the additional shares issued by Levi in 2024?

Shareholders capital is part of balance sheet prepared at the end of accounting period. Shareholders…

Answered: following partial information is taken…

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

Related questions

Question

he 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	(65	million)	(43	million)
Total shareholders’ equity	$ 815	million	$ 666	million