Weno Inc. has a US$60,000 loan outstanding which was issued January 1, 20x2. What is the foreign exchange gain or loss reported in 20X4, given the following information: Jan 1, 20x2 US$1 = Cdn$0.99 December 31, 20x2 US$1 = Cdn$1.03 December 31, 20x3 US$1 = Cdn$1.01 December 31, 20x4 US$1 = Cdn$1.04 Multiple Choice Gain of $1,800 Loss of $1,800 Gain of $2,724 Multiple Choice Gain of $1,800 Loss of $1,800 Gain of $2,724 Loss of $1,714 Save & Exit A provision for environmental obligations has the expectation that it will be paid in ten years for an amount of $15 million. What is amount of the provision that should be reported if the company's borrowing rate is 10%? Multiple Choice $1.5 million $5.8 million $10.2 million $15 million