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Fatima purchases 3 0 percent of Jonny Company on January 1 , 2 0 2 4 for $ 6 0 0 , 0 0 0
Fatima purchases percent of Jonny Company on January for $ Although Fatima did not use it this acquisition gave Fatima the ability to apply significant influence to Jonny's operating and financing policies. Jonny reports assets on that date of $ with liabilities of $ One building with a sixyear remaining life is undervalued on Jonny's books by $ Also, Jonny's book value for its trademark year remaining life is undervalued by $ During the year, Jonny reports net income of $ while declaring dividends of $ What is the equity income in Jonny to be reported by Fatima in $ $ $ O $
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