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    Polytechnic State University Sanluis
    Jan-2006 - Nov-2010

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    Polytechnic State University
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Category > Accounting Posted 24 Apr 2017 My Price 5.00

Shareholders Act equity

The following partial information is taken from the comparative balance sheet of Levi Corporation:
  ShareholdersAc€?c 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 shareholdersAc€?c equity

$726 million   

$559 million   

What was the average price (rounded to the nearest dollar) of the additional shares issued by Levi in 2013?

 

a) $5 per share
b) $30 per share
c) $43 per share
d) Cannot be determined from the given information.

Answers

Alpha Geek
(8)
Status NEW Posted 24 Apr 2017 05:04 AM My Price 5.00

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file 1493010643-Answer.docx preview (184 words )
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