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H3Ko H3Ko
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7 years ago
Hastings Corporation has purchased a group of assets for $25,000. The assets and their relative market values are listed below.

Land   $6,800
Equipment   2,900
Building   3,800

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) $4,500
B) $7,000
C) $5,250
D) $12,500
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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TanksTanks
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H3Ko Author
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#2
7 years ago
I just realized you had posted this! Thanks so much
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