Hastings Company Has Purchased a Group of Assets for $15,000

question 123

Multiple Choice

Hastings Company has purchased a group of assets for $15,000. The assets and their relative market values are listed below. Which of the following amounts would be debited to the Land account?

• A)$1,962
• B)$5,571
• C)$1,714
• D)$7,714

---

Definitions:

Legal Intentional Discrimination

Actions that unlawfully treat individuals or groups unfavorably based on their personal characteristics, such as race, gender, or age, with deliberate intent.

Human Rights Legislation

Laws and regulations designed to protect individuals against discrimination and ensure equality in various aspects of life, including the workplace.

Reward Performance

The practice of recognizing and compensating employees based on their work performance, often aimed at motivating and retaining talent.

Poor Productivity

Lower than expected or desired output or efficiency from a worker or group of workers, affecting overall organizational performance.