Question: Equity Method and Eliminating Entries, Second Year investment in San Jose on its own books. Note: Provide all answers in thousands. a . Calculate equity

Equity Method and Eliminating Entries, Second Year
investment in San Jose on its own books.
Note: Provide all answers in thousands.
a. Calculate equity in net income of San Jose for 2024, reported on Playtel's books
b. Calculate the December 31,2024, investment balance, reported on Playtel's books.
c. Prepare eliminating entries (C),(E),(R), and (O), required to consolidate Playtel's trial balance accounts with those of San Jose on December 31,2024.
Equity Method and Eliminating Entries, Second Year investment in San Jose

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