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
12/31/2024
12/31/2023
Common stock, $5 par; 36 million shares authorized; 31 million shares issued and 25 million shares outstanding at 12/31/2024; and _____________blank million shares issued and _____________blank shares outstanding at 12/31/2023.
$ 155
million
$ 125
million
Additional paid-in capital on common stock
523
million
401
million
Retained earnings
192
million
160
million
Treasury common stock, at cost, 6 million shares at 12/31/2024 and 4 million shares at 12/31/2023
(67
million)
(45
million)
Total shareholders equity
$ 803
million
$ 641
million
What was the average price (rounded to the nearest dollar) of the additional shares issued by Levi in 2024?
Multiple Choice $5 per share $25 per share $38 per share Cannot be determined from the given information
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