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  3. 1. on november 30, 2016 and december 31, 2016, bur

1. On November 30, 2016 and December 31, 2016, Burns Corp had a 30,000 foreign...

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Accounting

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1. On November 30, 2016 and December 31, 2016, Burns Corp had a 30,000 foreign currency accounts receivable due January 31,2017. Burns Corp has a December 31 fiscal year end. The spot exchange rates at these dates were: November 30, 2016: 1 US 4 FC December 31,2016 1 US 6 FC January 31, 2017 1 US 5 FC How much is the FX gain or loss on December 31, 2016. Your answer should state an amount followed by words "FX Gain" or "FX Loss

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