Man merged with San Corporation in a business combination in which San issued 30,000 shares of its $5 par (current fair value $20 a share) common stock to stockholders of Man in exchange for all their outstanding common stock. The journal entry for the merger includes:

a.

Debit to investment in common stock of Man company $ 600,000.

b.

Debit to investment in common stock of Man company $ 300,000.

c.

Debit to investment in common stock of Man company $ 150,000.

d.

Debit to investment in common stock of Man company $ 450,000.

On March 31, 2020, United Corporation acquired for $750,000 cash all the outstanding common stock of National Company when Nationals balance sheet showed net assets of $500,000. Out-of-pocket costs of the business combination may be disregarded. The current fair values of assets and liabilities of National were equal to their carrying amounts except for bonds payable which was less than carrying amount by $ 20,000.The amount of goodwill is:

a.

$ 270,000.

b.

$ 200,000.

c.

$ 230,000.

d.

$ 250,000.