Question: Equity Method and fliminating Entries, Second Year floth companiet have a December 31 year-end. At the date of acquisibon, San joses reponted net assets had

Equity Method and fliminating Entries, Second Year floth companiet have a December 31 year-end. At the date of acquisibon, San joses reponted net assets had book values appronimating far value. However, it had previocnly unneported indefinee-ise were $2.0 minen and zoodwill whi impaired by $1,200,000 a. Calculate equity in net income of San jose for 2024 , reported on Playtels books b. Calculate the December 31, 2024, invesument balance, reported an Piaytel's boeis

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