What is the amount of foreign exchange gain or loss recognized on the 2017 Income Statement as a result of revaluing the loan payable?
A) $2,500 loss.
B) $800 loss.
C) $800 gain.
D)$2,500 gain.

Question

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The Answer of What is the amount of foreign exchange gain or loss recognized on the 2017 Income Statement as a result of revaluing the loan payable?
A) $2,500 loss.
B) $800 loss.
C) $800 gain.
D)$2,500 gain.

What Is the Amount of Foreign Exchange Gain or Loss