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Time left 1:04:03 Question 18 Not yet answered Marked out of 1.00 Flag question In business combination, the combiner paid the following direct out-of-pocket

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Time left 1:04:03 Question 18 Not yet answered Marked out of 1.00 Flag question In business combination, the combiner paid the following direct out-of-pocket costs for the business combination with combinee: Legal fees $25,000, Finder's fee $35,000 and CPA firm's fee for audit of combinee Company's financial statements $40,000. The journal entry for the payment of these costs includes: O a. Debit to investment in combinee company $ 100,000. O b. Debit to investment in combinee company $ 75,000. O c. Debit to investment in combinee company$ 60,000. d. Debit to investment in combinee company $ 65,000. Previous page Next page

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