Treasury shares, at cost, 600,000 in 2021 Levi Company provided the following information from a comparative statement of financial position at year-end: 2021 2020 Share capital, P5 par Share premium Retained earnings 7,500,000 52,000,000 19,500,000 4,500,000 40,000,000 15,500,000 and 400,000 in 2020 7,000,000 5,000,000
Treasury shares, at cost, 600,000 in 2021 Levi Company provided the following information from a comparative statement of financial position at year-end: 2021 2020 Share capital, P5 par Share premium Retained earnings 7,500,000 52,000,000 19,500,000 4,500,000 40,000,000 15,500,000 and 400,000 in 2020 7,000,000 5,000,000
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 76E
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![Treasury shares, at cost, 600,000 in 2021
Levi Company provided the following information from a
comparative statement of financial position at year-end:
2021
2020
Share capital, P5 par
Share premium
Retained earnings
7,500,000
52,000,000
19,500,000
4,500,000
40,000,000
15,500,000
and 400,000 in 2020
7,000,000
5,000,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff02010e2-4096-46a4-adbf-21d1e1880b75%2F9b75f56c-bcbd-40cc-a9ee-c70e0e834f93%2Fanw7tlt_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Treasury shares, at cost, 600,000 in 2021
Levi Company provided the following information from a
comparative statement of financial position at year-end:
2021
2020
Share capital, P5 par
Share premium
Retained earnings
7,500,000
52,000,000
19,500,000
4,500,000
40,000,000
15,500,000
and 400,000 in 2020
7,000,000
5,000,000
![4. What was the average price of additional shares issued
in 2021?
a. 25
b. 20
с. 10
d. 5](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff02010e2-4096-46a4-adbf-21d1e1880b75%2F9b75f56c-bcbd-40cc-a9ee-c70e0e834f93%2Fgsrfw1m_processed.jpeg&w=3840&q=75)
Transcribed Image Text:4. What was the average price of additional shares issued
in 2021?
a. 25
b. 20
с. 10
d. 5
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