Question: q4 from the given information calculate the book value and...
Q4. From the Given information Calculate the Book Value and pass Basic Elimination entry :
- PQR Ltd owns 100% of STV Ltd.
- STV Ltd ’s net income for 20X4 is SAR 250,000
- STV Ltd’s declares dividends of SAR 36,000 during 20X4.
- STV Ltd has 20,000 shares of $5 par stock outstanding that were originally issued at $15 per share.
- STV Ltd’s beginning balance in Retained Earnings for 20X4 is SAR 150,000