E5.7

Required Calculate the original amount of goodwill for this acquisition and its allocation to the controlling and noncontrolling interest. b. Calculate equity in net income of San Jose, reported on Playtel's books in 2020, and noncontrolling interest in net income, reported on the consolidated income statement. Prepare eliminating entries (C), (E), ( R), ( O) and (N), required to consolidate Playtel's trial balance accounts with those of San Jose on December 31, 2020. c