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Time left 1:13 On January 31, 2020, Combinor Company issued $900,000 face amount of 9%, 10-year bonds due January 31, 2030, with a present
Time left 1:13 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 the following except: a. Credit to bonds payable $900,000. b. Credit to discount on bonds payable $65,423. c. Debit to investment in combinee net assets $965,423, d. Credit to premium on bonds payable $65,423
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