Question 7 A merger occurs when one corporation takes over all the operations of another business entity, and that entity is dissolved. Not yet answered Marked out of Select one: True 1.00 False P Flag question Question 8 Not yet answered Simmons Corporation paid $170,000 to acquire all of Bush Company's net assets. Bush reported assets with a book value of $189,000 and a fair value of $206,000 and liabilities with a book value and fair value of $48,000 on the date of the combination. Simmons also paid $8,000 to a search firm for finder's fees related to the acquisition. What amount will be recorded as investment by Simmons Corporation? Marked out of 1.50 Flag question Select one: a. 170,000 b. 162,000 C. 178,000 d. 158,000