Total par value of the issue share is If 150 million shares of common stock areissued with a par value of $3 and additionalpaid-in capital is $900 million, the total parvalue of the issued shares is:A) $300 millionB) $450 millionC) $900 millionD) $1.2 billion

Step 1: Identify the given values.Number of shares issued: 150 million sharesPar value per share:…

Answered: If 150 million shares of common stock…

FINANCIAL ACCOUNTING

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Author:Libby

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Chapter1: Financial Statements And Business Decisions

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The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders' equity Common stock, $5 par; 39 million shares authorized; 34 million shares issued and 31 million shares outstanding at 12/31/2024; and million shares issued and shares outstanding at 12/31/2023. Additional paid-in capital on common stock Retained earnings Treasury common stock, at cost, 3 million shares at 12/31/2024 and 1 million shares at 12/31/2023 Total shareholders' equity 12/31/2024 12/31/2023 $ 170 million 526 million $ 155 million 399 million 189 million 163 million (64 million) (42 million) $ 821 million $ 675 million What was the average price (rounded to the nearest dollar) of the additional shares issued by Levi in 2024?
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If 150 million shares of common stock are issued with a par value of $3 and additional paid-in capital is $900 million, the total par value of the issued shares is: A) $300 million B) $450 million C) $900 million D) $1.2 billion