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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
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$ in that financial year and have declared and paid a
dividend of ML$ Siphethokuhle Limiteds functional currency ML$ and the
parents presentation currency is KNL$ Siphethokuhle Limited has presented the
following statement of Financial position for possible Translation or Remeasurement
into the parents 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
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