Inclusively

question 40

Essay

inclusively.Assume that the Entity Method applies (regardless of the dates used in the problems).
The Financial Statements of Plax Inc.and Slate Corp for the Year ended December 31,2009 are shown below: Other Information:
Plax acquired 75% of Slate on January 1,2005 for $196,000,when Slate's retained earnings was $80,000 and the acquisition differential was attributable entirely to goodwill.There were impairment losses to the goodwill of $6,400 and $1,600 in 2000 and 2003 respectively.
Plax uses the cost method to account for its investment.
Slate has 10% par value bonds outstanding in the amount of $200,000 which mature on December 31,2012.The bonds were issued at a premium.On January 1,2009 the unamortized premium amounted to $2,400 Slate uses the straight line method to amortize the premium.
On January 1,2009,Plax acquired $120,000 face value of Slate's bonds for $123,000 Plax also uses the straight line method to amortize any bond premium or discount.
Both companies are subject to a 40% Tax rate.
Gains and losses from intercompany bond holdings are to be allocated to the two companies when Consolidated Financial Statements are prepared.
-Prepare Plax's Consolidated Statement of Financial Position as at December 31,2009.

Knowledge of the environmental factors affecting seed germination and plant growth.

Ability to diagram and label the parts of a flower and understand their reproductive functions.

Understand genetic aspects of plant reproduction, including self-incompatibility mechanisms.

Understand the concepts of test reliability including test-retest reliability, split-half reliability, and alternate form reliability.

---

Definitions:

Population

A group of organisms of the same species that live in a defined geographic area at the same time.

Community

An association of populations of different species living together in a defined habitat with some degree of interdependence. Compare with ecosystem.

Sexual Reproduction

A type of reproduction in which two gametes (usually, but not necessarily, contributed by two different parents) fuse to form a zygote. Compare with asexual reproduction.

Genetic Variation

The diversity in gene frequencies within a population, resulting from mutation, sexual reproduction, and other genetic processes, contributing to the population's adaptability.