MC Qu. 25 LO 18-05 The following partial in formation is taken from the comparat

Question

MC Qu. 25 LO 18-05 The following partial in formation is taken from the comparative balance... The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders? equity 12/3112013 12131/2012 Common stock. $5 par value; 28 million shares authorized; 23 million shares issued and 16 million shares outstanding at 12/31/2012; and million shares issued and shares outstanding at 12/31/2013. $115 million $80 million Additional paid-in capital on common stock 528 million 394 million Retained earnings 205 million 165 million Treasury common stock, at cost, 7 million shares at 12)31/2013 and 3 million shares at 12/31/2012 (76 million) (35 million) Total shareholders? equity S772 million $604 million What was the average price of the additional treasury shares purchased by Levi during 2013? (Round your answer to 2 decimal places.) $10.25 per share. $10.86 per share. $11.67 per share. None of the above is correct.

Explanation / Answer

option b

Related Questions

Navigate

• Browse (All)
• Browse M
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.