REFERENCE: Ref.02_09 Salem Co.had the Following Account Balances as of February 1,2008

question 82

Essay

REFERENCE: Ref.02_09
Salem Co.had the following account balances as of February 1,2008:
SHAPE \* MERGEFORMAT
Bellington Inc.paid $1.7 million in cash and issued 12,000 shares of its $30 par value common stock (valued at $90 per share)for all of Salem's outstanding common stock.This investment is accounted for using the purchase method.
-Determine the balance for Goodwill that would be included in a February 1,2008,consolidation.

---

Definitions:

Temperature

The average kinetic energy of the particles in a sample of a substance.

Stomatal Opening

The process by which stomata, the microscopic pores on leaves, open to allow for gas exchange between the plant and its environment.

Wavelengths

The distance between successive crests of a wave, especially points in a sound wave or electromagnetic wave.

Light Trigger

A stimulus initiated by light that causes a specific response in organisms or systems.