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Bentley Inc. purchased land, building, and inventory from Quantum Co, for a cash payment of $1,550,410. The market values of the purchased assets are currently

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Bentley Inc. purchased land, building, and inventory from Quantum Co, for a cash payment of $1,550,410. The market values of the purchased assets are currently $90,000,$1,200,700, and $650,000, respectively. The journal entry to record the purchase of these assets under the relative value method would include a. a debit to inventory of $650,000 b. a credit to cash of $1,940,700 c. a debit to cash of $1,550,000 d. a debit to land for $71,900

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