The following partial information is taken from the comparative balance sheet of Levi Corporation:
- How many of Levi's common shares were outstanding on 12/31/2017?
A) 14 million.
B) 9 million.
C) 5 million.
D) None of these answer choices are correct.

Question

The following partial information is taken from the comparative balance sheet of Levi Corporation: 
- How many of Levi's common shares were outstanding on 12/31/2017?
A) 14 million. 
B) 9 million. 
C) 5 million. 
D) None of these answer choices are correct.

Quizplus · Accepted Answer

5 million shares were outstanding at this date (9 million were issued, and 4 million shares were in the treasury).

The Following Partial Information Is Taken from the Comparative Balance