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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

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 paid in capital in excess of par $80,000.

b.

Debit to paid in capital in excess of par $60,000.

c.

Debit to paid in capital in excess of par $140,000.

d.

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

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