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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