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A Ghanaian company has a single, wholly owned subsidiary in Nigeria. This affiliate has exposed assets of N 8 0 0 million and exposed liabilities

A Ghanaian company has a single, wholly owned subsidiary in Nigeria. This affiliate has exposed assets of N $800$ million and exposed liabilities of N $500$ million. The cedi appreciates against the naira N $50$ per cedi to N $80$ per cedi. What is the amount of the translation gain or loss to the Ghanaian company?

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