Question $9($Mandatory$)(2\mathrm{.}5$ points$)$

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Northland Corporation has $1,000,000$ in Accounts Receivable for sales to customers in the United Kingdom. It also has Accounts Payable of $2,000,000$ Yuan for products purchased from vendors in China.

If Northland recorded a foreign currency exchange loss on its receivables and a foreign currency gain on its payables, what must have happened to each currency?

A$)$ Yuan appreciated, Pound appreciated

B$)$ Yuan appreciated, Pound depreciated

C$)$ Yuan depreciated, Pound appreciated

D$)$ Yuan depreciated, Pound depreciated