Use the Information Above to Answer the Following Question

question 209

Multiple Choice

Use the information above to answer the following question.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 stockholder's equity reported on the balance sheet at the end of that year?

• A) $512,000
• B) $406,000
• C) $297,000
• D) $532,500

Assess the validity of arguments based on the structure of propositions and their interrelations.

Understand diverse methods of prenatal diagnosis and ascertain the risk factors associated with certain diagnostic techniques.

Comprehend the principles of X-linked genetic disorders and their impact on gender susceptibility.

Acquire knowledge on epigenetics with an emphasis on brain development.

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Definitions:

Cash Equivalents

Short-term, highly liquid investments that are easily convertible to known amounts of cash, typically with original maturities of three months or less.