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On October 2, 20X4, Duck Corporation borrowed 150,000 British pounds from a London bank, evidenced by an interest-bearing note payable due in one year. The

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On October 2, 20X4, Duck Corporation borrowed 150,000 British pounds from a London bank, evidenced by an interest-bearing note payable due in one year. The note was payable in pounds. Exchange rates for pounds was: October 2, 20X4 $1.60 December 31, 20X4 $1.62 October 2, 20X5 $1.56 What is the final amount of the loan payable that Duckshowed on its books, in dollars, just before it repaid the loan? a. 5236,000 a b. $240,000 * 20523 $234,000 di $243,000 aldunoad

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