Siphethokuhle Limited Company is a subsidiary of Enoch holdings an auto Parts

manufacturer that is registered in the country of KoNkiwane Land. The subsidiary is

situated in the country of Mluwa Land and utilizes the Mluwa dollar $($ML$$).$

Siphethokuhle Limited has produced an income statement that details that they have

made a profit of ML$$5000000$ in that financial year and have declared and paid a

dividend of ML$$1000000.$ Siphethokuhle Limited$$s functional currency ML$ and the

parent$$s presentation currency is KNL$$.$ Siphethokuhle Limited has presented the

following statement of Financial position for possible Translation or Re$-$measurement

into the parent$$s currency. Which method should be used by Enoch Holdings use to present the financial

statement of Siphethokuhle Limited in the Parents Presentation currency. State the

reason for your choice