Aussie Ltd Acquired 100% of Sing Sing Ltd (Sing Sing)on $\bullet$

Multiple Choice

Aussie Ltd acquired 100% of Sing Sing Ltd (Sing Sing) on 1 July 20X0.The balance sheet of Sing Sing as at 30 June 20X1 was as follows.
Balance Sheet as at 30 June 20X1

$\bullet$ Relevant exchange rates are as follows.

If the local currency of Sing Sing is Singapore dollars and the functional currency is Australian dollars,the total assets of S$1 800,000 would translate into Australian dollars as:

A) $1 565 217.
B) $1 488 696.
C) $1 440 000.
D) $1 475 410.