Lori Corporation reported the following information for the year ended December 31, 2017:
Net income Dividends Retained earnings at December 31, 2017 10,000 6,000 25,000
What was the balance of Lori' retained earnings at January 1, 2017?
a. $21,000
b. $29,000
c. $35,000
d. $31,000
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Lori Corporation reported the following information for the year ended December 31, 2017: Net income Dividends Retained earnings at ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Anthony is deciding between different saving accounts at his bank. he has four options, based on how frequently interest compounds. which should he choose if he wants the best rate of return on his interest
Answers (1)
Without any restrictions in a perfectly competitive market, if there is a sudden rightward shift in the demand for a good: a) sellers of the good will increase the supply of the good at the same price.
Answers (1)
Power Pumps produces a variety of commercial sump pumps. One of their models-Mighty Mo-is produced in a small plant in Missouri. Next year, Power Pumps anticipates on selling 2,000 units of the Mighty Mo.
Answers (1)
You are 50% partner in a general partnership. The business has outstanding debts of $250,000 and is closing due to the death of your only partner. What is your personal liability?
Answers (1)
MC Qu. Your home insurance provides for replacement value for personal ... Your home insurance provides for replacement value for personal property losses. A microwave is stolen. It cost $288 two years ago and has an expected life of six years.
Answers (1)
New Questions in Business
How can business taxes positively affect an economy? A If taxes are low, more businesses can be created. B If taxes are low, then businesses will give more of their earnings away.
Answers (1)
Assume Joe Harry sells his 25% interest in Joe's S Corp., Inc. to Tyrone on January 29. Using the daily allocation method, how much income does Joe Harry report if Joe's S Corp., Inc.
Answers (1)
Whirlwind Financial Corporation sends its executives to a resort in Mexico-at taxpayer's expense-to consider using the firm's cash to buy back its stock and thereby prop up the value. Many of its competitors are doing the same thing.
Answers (1)
LO 7.2Rehydrator makes a nutrition additive and expects to sell 3,000 units in January, 2,000 in February, 2,500 in March, 2,700 in April, and 2,900 in May.
Answers (1)
The common stock of Alpha Manufacturers has a beta of 1.18 and an actual expected return of 13.33 percent. The risk-free rate of return is 3.3 percent and the market rate of return is 12.20 percent.
Answers (1)