On January 1, Gucci Brothers Inc. started the year with a $690,000 balance in Retained Earnings and a $597,000 balance in common
stock. During the year, the company reported net income of $96,000, paid a dividend of $14,800, and issued more common stock for $20,000. What is total stockholders' equity at the end of the year?
The owner's equity which is an element of the balance sheet and the accounting equation is made up of retained earnings and common stock. Movements in the owner's/stockholder's equity include payment of dividend, net income for the year, stock issued etc.
Given;
Opening retained earnings = $690,000
Opening common stock = $597,000
Net income for the year = $96,000
Dividend paid = $14,800
Issued stock = $20,000
Total stockholders' equity at the end of the year = $690,000 + $597,000 + $96,000 - $14,800 + $20,000
The organization should use Construction management.
What is Construction Management? Construction management is a specialized service that gives project owners effective control over the project's budget, timeline, scope, quality, and function. All project delivery techniques are compatible with construction management. No of the situation, the owner and a successful project are the duty of the construction manager (CM).
Three partners, excluding the CM, make up a capital project at its core:
The owner, who commissions the project and either provides direct funding for it or does so in a number of other ways.
The project's designer, the architect or engineer.
The general contractor is in charge of managing subcontractors and supervising daily activities.
