On January 31, 2020, Combinor Company issued $900,000 face amount of 9%, 10-year bonds due January 31, 2030, with a present value of $965,423 at a 8% yield, to Combinee Company for its net assets. The journal entry for the merger includes:

a. Debit to investment in combinee net assets $ 834,577.

b. Credit to discount on bonds payable $65,423.

c. Debit to investment in combinee net assets $900,000.

d. Credit to premium on bonds payable $65,423.

The condensed separate and consolidated balance sheets of Alpha Corporation and its subsidiary, Bita Company, on the date of their business combination, includes inventories of Alpha $150,000, inventories of Bita $120,000 and inventories consolidated $250,000. The fair value of Alpha inventories is:

a. $150,000.

b. $120,000.

c. $250,000.

d. $270,000.

Please, quickly, not enough time, please