Hastings Corporation Has Purchased a Group of Assets for $21,900

question 46

Multiple Choice

Hastings Corporation has purchased a group of assets for $21,900.The assets and their relative market values are listed below.

Which of the following amounts would be debited to the Land account? (Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar. )

• A)$4,133
• B)$12,045
• C)$4,380
• D)$5,475

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Definitions:

Diffusion of Responsibility

A sociopsychological phenomenon whereby a person is less likely to take responsibility for action or inaction when others are present.

Bystander Effect

The finding that people are less likely to offer help when they are in a group than when they are alone.

Pluralistic Ignorance

A psychological state where individuals mistakenly believe their thoughts, feelings, or behaviors are different from those of the group, often due to a lack of open communication.

Bystander Effect

A social psychological theory that suggests that individuals are less likely to offer help to a victim when other people are present, often due to a diffusion of responsibility.