On January 1, 2012, Gucci Brothers Inc. began the year with a balance of $501,000 in retained earnings and a balance of $600,000 in common stock. During 2012, the company had net income of $96,000, paid a dividend of $15,100, and issued $22,000 more common shares. 

What is the total stockholders' equity as of December 31, 2012?

Answer rating: 100% (QA)

The total stockholders equity as of December 31 2012 can be calculated as Total stockholde... View the full answer