Q4. From the Given information: Calculate the Book Value and pass Basic Elimination entry:

(1 mark)

1. PQR Ltd owns 100% of STV Ltd.
2. STV Ltd s net income for 20X4 is SAR 250,000
3. STV Ltd.s declares dividends of SAR 36,000 during 20X4.
4. STV Ltd has 20,000 shares of $5 par stock outstanding that were originally issued at $15 per share.
5. STV Ltd.s beginning balance in Retained Earnings for 20X4 is SAR 150,000