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

Question 36

Multiple Choice

By what amount (in Canadian Dollars) would XYZ have to adjust its Loan Liability on December 31, 2016 as a result of the year's foreign exchange rate fluctuations?


A) A $5,000 decrease.
B) A $2,500 decrease
C) A $5,000 increase.
D) Nil.

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