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CoursHeroTranscribedText: (b) Pelangi Bhd, a company incorporated in Malaysia with presentation currency in Ringgit Malaysia...

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CoursHeroTranscribedText: (b) Pelangi Bhd, a company incorporated in Malaysia with presentation currency in Ringgit Malaysia (RM) acquired 85% shareholdings in Golden Ltd, a company incorporated in Fairyland on 1 March 2019. Golden Ltd's functional currency and presentation currency is E$. The trial balance of Golden Ltd as at 31 December 2020 is set out below: Debit Credit E$ E$ Trade Receivables 162,890 159,900

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