The following partial information is taken from the comparative balance sheet of Levi Corporation: ...
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Accounting
The following partial information is taken from the comparative balance sheet of Levi Corporation:
Shareholders equity
12/31/2013
12/31/2012
Common stock, $5 par value; 21 million shares authorized; 16 million shares issued and 11 million shares outstanding at 12/31/2012; and ____million shares issued and ____shares outstanding at 12/31/2013.
$80 million
$55 million
Additional paid-in capital on common stock
521 million
397 million
Retained earnings
198 million
158 million
Treasury common stock, at cost, 5 million shares at 12/31/2013 and 3 million shares at 12/31/2012
(73 million)
(51 million)
Total shareholders equity
$726 million
$559 million
What was the average price (rounded to the nearest dollar) of the additional shares issued by Levi in 2013?
rev: 08_09_2013_QC_33612
Cannot be determined from the given information.
$5 per share
$43 per share
$30 per share
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