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 | 12/31/2024 | 12/31/2023 | ||
|---|---|---|---|---|
| Common stock, $5 par; 36 million shares authorized; 31 million shares issued and 25 million shares outstanding at 12/31/2024; and _____________blank million shares issued and _____________blank shares outstanding at 12/31/2023. | $ 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 12/31/2024 and 4 million shares at 12/31/2023 | (67 | million) | (45 | million) |
| Total shareholders equity | $ 803 | million | $ 641 | million |
What was the average price (rounded to the nearest dollar) of the additional shares issued by Levi in 2024?
Multiple Choice $5 per share $25 per share $38 per share Cannot be determined from the given information
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