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Time left 1:05:00 Question 14 Not yet answered Marked out of 1.00 Flag question Man merged with San Corporation in a business combination in
Time left 1:05:00 Question 14 Not yet answered Marked out of 1.00 Flag question Man merged with San Corporation in a business combination in which San issued 30,000 shares of its no 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 common stock $ 600,000. O b. Debit to paid in capital in excess of par $ 600,000. c. Credit to paid in capital in excess of par $ 600,000. O d. Credit to common stock $ 600,000. Previous page Next page
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