P Ltd (a Singapore-incorporated company whose functional and presentation currency is S$) acquired a controlling interest in M Bhd (a Malaysia-incorporated company whose functional and presentation currency is RM) on 4 April 20x4 when the exchange rate was RM1.00 = S$0.60. M Bhds 20x8 statement of financial position showed, among other items, Land, at cost RM100 million and Cash RM10 million. The Land was purchased on 5 May 20x5 when the exchange rate was RM1 = S$0.50. The average exchange rate for the year 20x8 was RM1.00 = S$0.40. The exchange rate on 31 December 20x8 was RM1.00 = S$0.30. For the purposes of 20x8 consolidation, the Land, and the Cash of M Bhd should respectively be translated into:

Group of answer choices

a. S$60 million and S$6 million.

b. None of the listed choices.

c. S$30 million and S$3 million.

d. S$50 million and S$5 million.

e. S$40 million and S$4 million.