In business combination, the combiner paid direct out-of-pocket costs of the business combination, $60,000, and costs of registering and issuing its common stock, $80,000. The journal entry for payment of the above costs includes:

a. Debit to investment in common stock of combine $140,000.

b. Credit to investment in common stock of combine $60,000.

c. Debit to investment in common stock of combine $80,000.

d. Debit to investment in common stock of combine $60,000.

The condensed separate and consolidated balance sheets of Alpha Corporation and its subsidiary, Bita Company, on the date of their business combination, includes plant assets of Alpha $500,000, plant assets of Bita $235,000 and plant assets consolidated $750,000. Indicates that:

a. Excess of the carrying amount of plant assets of Bita over fair value by $15,000.

b. Excess of the carrying amount of plant assets of Alpha over fair value by $15,000.

c. Excess of fair value of plant assets of Bita over the carrying amount by $15,000.

d. Excess of fair value of plant assets of Alpha over the carrying amount by $15,000.