(1)When can a business book Goodwill? What does Goodwill on the Balance Sheet actually mean?

(2) Salesforce.com paid $300 million to acquire an entity. The following table summarizes the fair value of assets acquired and liabilities assumed as of the date of acquisition (in millions):

Fair Value:

Deferred tax asset $47

Other current and noncurrent assets 101

Goodwill 164

Liabilities (178)

Net assets acquired $134

Provide a summary journal entry for the transaction.