The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders’...
The following partial information is taken from the comparative
balance sheet of Levi Corporation:
| Shareholders’ equity | 12/31/2018 | 12/31/2017 | ||||||
| Common stock, $5 par; 21 million shares authorized; 16 million
shares issued and 11 million shares outstanding at 12/31/2018; and ____million shares issued and ____shares outstanding at 12/31/2017. |
$ | 80 | million | $ | 55 | million | ||
| Additional paid-in capital on common stock | 521 | million | 393 | million | ||||
| Retained earnings | 198 | million | 158 | million | ||||
| Treasury common stock, at cost, 5 million shares at 12/31/2018
and 3 million shares at 12/31/2017 |
(73 | million) | (51 | million) | ||||
| Total shareholders’ equity | $ | 726 | million | $ | 555 | million | ||
How many of Levi's common shares were outstanding on
12/31/2017?
Multiple Choice
-
16 million.
-
None of these answer choices are correct.
-
11 million.
-
8 million.
Homework Answers
Add Answer to:
The following partial information is taken from the comparative
balance sheet of Levi Corporation:
Shareholders’...
The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders’...
The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders’ equity 12/31/2018 12/31/2017 Common stock, $5 par; 36 million shares authorized; 31 million shares issued and 25 million shares outstanding at 12/31/2018; and ____million shares issued and ____shares outstanding at 12/31/2017. $ 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 12/31/2018 and...
The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders’ equity...
The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders’ equity 12/31/2018 12/31/2017 Common stock, $5 par; 20 million shares authorized; 15 million shares issued and 9 million shares outstanding at 12/31/2018; and ____ million shares issued and ____ shares outstanding at 12/31/2017. $ 75 million $ 45 million Additional paid-in capital on common stock 520 million 392 million Retained earnings 197 million 157 million Treasury common stock, at cost, 6 million shares at 12/31/2018...
The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders’...
The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders’ equity 12/31/2021 12/31/2020 Common stock, $5 par; 33 million shares authorized; 28 million shares issued and 23 million shares outstanding at 12/31/2021; and ____million shares issued and ____shares outstanding at 12/31/2020. $ 140 million $ 115 million Additional paid-in capital on common stock 520 million 403 million Retained earnings 195 million 157 million Treasury common stock, at cost, 5 million shares at 12/31/2021 and...
The following partial information is taken from the comparative balance sheet of Levi Corporation: 12/31/2018 12/31/2017...
The following partial information is taken from the comparative balance sheet of Levi Corporation: 12/31/2018 12/31/2017 Shareholders' equity Common stock, $5 par; 35 million shares authorized; 30 million shares issued and 27 million shares outstanding at 12/31/2018; and million shares shares outstanding at 12/31/2017. Additional paid-in capital on common stock Retained earnings Treasury common stock, at cost, 3 million shares at 12/31/2018 and 1 million shares at 12/31/2017 Total shareholders' equity $ 150 million 522 million 193 million $135 million...
The following partial information is taken from the comparative balance sheet of Levi Corporation 12/31/2021 12/31/2020...
The following partial information is taken from the comparative balance sheet of Levi Corporation 12/31/2021 12/31/2020 Shareholders' equity Common stock, $5 par; 22 million shares authorized; 17 million shares issued and 10 million shares outstanding at 12/31/2021; and million shares issued and shares outstanding at 12/31/2020. Additional paid-in capital on common stock Retained earnings Treasury common stock, at cost, 7 million shares at 12/31/2021 and 3 million shares at 12/31/2020 Total shareholders' equity $ 85 million 522 million 199 million...
The following partial information is taken from the comparative balance sheet of Levison Corporation: 12/31/2018 12/31/2017...
The following partial information is taken from the comparative balance sheet of Levison Corporation: 12/31/2018 12/31/2017 Shareholders' equity Common stock, $5 par; 34 million shares authorized; 29 million shares issued and 25 million shares outstanding at 12/31/2018; and million shares issued and shares outstanding at $ 145million 125million 393million 158million 12/31/2017. Additional paid-in capital on common stock Retained earnings Treasury common stock, at cost, 4 million shares at 12/31/2018 and 2 million shares at 12/31/2017 Total shareholders' equity 521million 194million...
On December 31, 2016, the shareholders' equity section of the balance sheet of R&L Corporation reflected...
On December 31, 2016, the shareholders' equity section of the balance sheet of R&L Corporation reflected the following: Common shares (no-par value; authorized 60,000 shares, outstanding 25,000 shares) Contributed surplus Retained earnings $ 250,000 12,000 75,000 On February 1, 2017, the board of directors declared a 12 percent stock dividend to be issued on April 30, 2017. The market value of the shares on February 1, 2017, was $18 per share. Required: 1. For comparative purposes, prepare the shareholders' equity...
On December 31, 2016, the shareholders' equity section of the balance sheet of R&L Corporation reflected...
On December 31, 2016, the shareholders' equity section of the balance sheet of R&L Corporation reflected the following: Common shares (no-par value; authorized 60,000 Shares, outstanding 22,000 shares) Contributed uxplus Retained earnings $220,000 11,700 72,000 On February 1, 2017, the board of directors declared a 10 percent stock dividend to be issued on April 30, 2017. The market value of the shares on February 1, 2017, was $16.50 per share. Required: 1. For comparative purposes, prepare the shareholders' equity section...
Douglas McDonald Company’s balance sheet included the following shareholders’ equity accounts at December 31, 2017: Douglas...
Douglas McDonald Company’s balance sheet included the following
shareholders’ equity accounts at December 31, 2017:
Douglas McDonald Company's balance sheet included the following shareholders' equity accounts at December 31, 2017: (s in millions) Paid-in capital: Common stock, 900 million shares at $1 par900 15,800 14,888 $31,588 Paid-in capital-excess of par Retained earnings Total shareholders' equityY On March 16, 2018, a 4% common stock dividend was declared and distributed. The market value of the common stock was S21 per share. Fractional...
On December 31, 2016, the shareholders' equity section of the balance sheet of R&L Corporation reflected...
On December 31, 2016, the shareholders' equity section of the balance sheet of R&L Corporation reflected the following: Common shares (no-par value: authorized 60,000 shares, outstanding 25,000 shares) Contributed surplus Retained earnings $250,000 12,000 75,000 On February 1, 2017, the board of directors declared a 12 percent stock dividend to be issued on April 30, 2017. The market value of the shares on February 1, 2017, was $18 per share. Required: 1. For comparative purposes, prepare the shareholders' equity section...
The following partial information is taken from the comparative balance sheet of Levi Corporation: 12/31/2018 12/31/2017 Shareholders' equity Common stock, $5 par; 35 million shares authorized; 30 million shares issued and 27 million shares outstanding at 12/31/2018; and million shares shares outstanding at 12/31/2017. Additional paid-in capital on common stock Retained earnings Treasury common stock, at cost, 3 million shares at 12/31/2018 and 1 million shares at 12/31/2017 Total shareholders' equity $ 150 million 522 million 193 million $135 million...
The following partial information is taken from the comparative balance sheet of Levi Corporation 12/31/2021 12/31/2020 Shareholders' equity Common stock, $5 par; 22 million shares authorized; 17 million shares issued and 10 million shares outstanding at 12/31/2021; and million shares issued and shares outstanding at 12/31/2020. Additional paid-in capital on common stock Retained earnings Treasury common stock, at cost, 7 million shares at 12/31/2021 and 3 million shares at 12/31/2020 Total shareholders' equity $ 85 million 522 million 199 million...
The following partial information is taken from the comparative balance sheet of Levison Corporation: 12/31/2018 12/31/2017 Shareholders' equity Common stock, $5 par; 34 million shares authorized; 29 million shares issued and 25 million shares outstanding at 12/31/2018; and million shares issued and shares outstanding at $ 145million 125million 393million 158million 12/31/2017. Additional paid-in capital on common stock Retained earnings Treasury common stock, at cost, 4 million shares at 12/31/2018 and 2 million shares at 12/31/2017 Total shareholders' equity 521million 194million...
On December 31, 2016, the shareholders' equity section of the balance sheet of R&L Corporation reflected the following: Common shares (no-par value; authorized 60,000 shares, outstanding 25,000 shares) Contributed surplus Retained earnings $ 250,000 12,000 75,000 On February 1, 2017, the board of directors declared a 12 percent stock dividend to be issued on April 30, 2017. The market value of the shares on February 1, 2017, was $18 per share. Required: 1. For comparative purposes, prepare the shareholders' equity...
On December 31, 2016, the shareholders' equity section of the balance sheet of R&L Corporation reflected the following: Common shares (no-par value; authorized 60,000 Shares, outstanding 22,000 shares) Contributed uxplus Retained earnings $220,000 11,700 72,000 On February 1, 2017, the board of directors declared a 10 percent stock dividend to be issued on April 30, 2017. The market value of the shares on February 1, 2017, was $16.50 per share. Required: 1. For comparative purposes, prepare the shareholders' equity section...
Douglas McDonald Company’s balance sheet included the following
shareholders’ equity accounts at December 31, 2017:
Douglas McDonald Company's balance sheet included the following shareholders' equity accounts at December 31, 2017: (s in millions) Paid-in capital: Common stock, 900 million shares at $1 par900 15,800 14,888 $31,588 Paid-in capital-excess of par Retained earnings Total shareholders' equityY On March 16, 2018, a 4% common stock dividend was declared and distributed. The market value of the common stock was S21 per share. Fractional...
On December 31, 2016, the shareholders' equity section of the balance sheet of R&L Corporation reflected the following: Common shares (no-par value: authorized 60,000 shares, outstanding 25,000 shares) Contributed surplus Retained earnings $250,000 12,000 75,000 On February 1, 2017, the board of directors declared a 12 percent stock dividend to be issued on April 30, 2017. The market value of the shares on February 1, 2017, was $18 per share. Required: 1. For comparative purposes, prepare the shareholders' equity section...
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