By What Amount (In Canadian Dollars) Would XYZ Have to Adjust

question 40

Multiple Choice

By what amount (in Canadian Dollars) would XYZ have to adjust its Loan Liability on December 31, 2017 as a result of the year's foreign exchange rate fluctuations?

• A) $3,500 decrease.
• B) $2,500 decrease.
• C) $2,500 increase.
• D)Nil.

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