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 | 12/31/2021 | 12/31/2020 | ||||||
| Common stock, $5 par; 24 million shares authorized; 19 million shares issued and 14 million shares outstanding at 12/31/2021; and ____ million shares issued and ____ shares outstanding at 12/31/2020. | $ | 95 | million | $ | 70 | million | ||
| Additional paid-in capital on common stock | 524 | million | 394 | million | ||||
| Retained earnings | 205 | million | 161 | million | ||||
| Treasury common stock, at cost, 5 million shares at 12/31/2021 and 2 million shares at 12/31/2020 | (74 | million) | (41 | million) | ||||
| Total shareholders equity | $ | 746 | million | $ | 584 | million | ||
What was the amount of Levis net income for the year 2021?
Multiple Choice
$77 million.
$0.
$44 million.
Cannot be determined from the given information.
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