Question 22. Maple Co is a public limited company which operates in the United Kingdom. The majority of its business is carried out in Europe and its revenue is in Euros. Most of its raw materials are purchased from Hong Kong where the currency is the Hong Kong dollar. The company invoices its customers in Euros and insists on payment in Euros. Maple Co also has a subsidiary in Hong Kong. What currency should the financial statements be presented in?

Euros

UK Sterling

Hong Kong dollars

Any currency chosen by Maple Co