The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders’ equity 12/31/2021 12/31/2020 Common stock, $5 par; 34 million shares authorized; 29 million shares issued and 25 million shares outstanding at 12/31/2021; and ____million shares issued and ____shares outstanding at 12/31/2020. $ 145 million $ 125 million Additional paid-in capital on common stock 521 million 392 million Retained earnings 194 million 158 million Treasury common stock, at cost, 4 million shares at 12/31/2021 and 2 million shares at 12/31/2020 (69 million) (47 million) Total shareholders’ equity $ 791 million $ 628 million What was the average price (rounded to the nearest dollar) of the additional shares issued by Levi in 2021?
The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders’ equity 12/31/2021 12/31/2020 Common stock, $5 par; 34 million shares authorized; 29 million shares issued and 25 million shares outstanding at 12/31/2021; and ____million shares issued and ____shares outstanding at 12/31/2020. $ 145 million $ 125 million Additional paid-in capital on common stock 521 million 392 million Retained earnings 194 million 158 million Treasury common stock, at cost, 4 million shares at 12/31/2021 and 2 million shares at 12/31/2020 (69 million) (47 million) Total shareholders’ equity $ 791 million $ 628 million What was the average price (rounded to the nearest dollar) of the additional shares issued by Levi in 2021?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following partial information is taken from the comparative
| Shareholders’ equity | 12/31/2021 | 12/31/2020 | ||||||
| Common stock, $5 par; 34 million shares authorized; 29 million shares issued and 25 million shares outstanding at 12/31/2021; and ____million shares issued and ____shares outstanding at 12/31/2020. |
$ | 145 | million | $ | 125 | million | ||
| Additional paid-in capital on common stock | 521 | million | 392 | million | ||||
| 194 | million | 158 | million | |||||
shares at 12/31/2020 |
(69 | million) | (47 | million) | ||||
| Total shareholders’ equity | $ | 791 | million | $ | 628 | million | ||
What was the average price (rounded to the nearest dollar) of the additional shares issued by Levi in 2021?
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