Lankston Company Began the Year by Issuing $90,000 of Common

question 165

Multiple Choice

Lankston Company began the year by issuing $90,000 of common stock for cash. The company recorded revenues of $825,000, expenses of $720,000, and paid dividends of $45,000. What was Lankston's net income for the year?

• A) $60,000
• B) $150,000
• C) $105,000
• D) $195,000

---

Definitions:

Health Belief Model

A psychological model that attempts to explain and predict health behaviors by focusing on the attitudes and beliefs of individuals.

Model Components

The essential elements or parts that constitute a theoretical or computational model, helping to simulate or predict real-world scenarios.

Biomedical Model

A framework focusing on the purely biological factors of disease and excluding psychological, environmental, and social influences.

Biopsychosocial Model

An interdisciplinary model that looks at the interconnection between biology, psychology, and socio-environmental factors in understanding health and illness.