Ferris Company reported total stockholders' equity of $237,500. During the following year, Ferris Company earned net income of $75,000, issued 5,000 shares of $1 par common stock at an average market price of $44 per share, and declared dividends of $20,500. What amount was the total stockholders' equity reported on the balance sheet at the end of that year?

Answer rating: 100% (QA)

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