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9. A US company has a single, wholly-owned affiliate in Japan. This affiliate has exposed assets of 500 million yen and exposed liabilities of 800

9. A US company has a single, wholly-owned affiliate in Japan. This affiliate has exposed assets of 500 million yen and exposed liabilities of 800 million yen. The exchange rate appreciates from 150 yen per dollar to 100 yen per dollar. What is the amount of the translation gain or loss?

		+ $2 million
		- $1 million
		+ $3 million
		- $2 million
		+ $6 million

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