Lori Corporation Reported the Following Information for the Year Ended

question 169

Multiple Choice

Lori Corporation reported the following information for the year ended December 31,2017:
$\begin{array}{lr}\text { Net income } & \$ 10,000 \\\text { Dividends } & 6,000 \\\text { Retained earnings at December } 31,2017 & 25,000\end{array}$ What was the balance of Lori' retained earnings at January 1,2017?

• A)$21,000
• B)$29,000
• C)$31,000
• D)$35,000

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Definitions:

Psychological State

The mental condition of an individual at a particular time, influenced by emotions, thoughts, and behaviors.

Job Characteristics Model

A theory that proposes that the nature of a job affects employee motivation and job satisfaction, focusing on five core job dimensions.

Job Involvement

A cognitive state of psychological identification with one’s job and the importance of work to one’s total self-image.

Relational Architecture

The design and structure of relationships within an organization, including how communication, authority, and tasks are organized.