On April 1, 2014, Manatee Company entered into two forward exchange contracts to purchase 300,000 euros each in 90 days.The relevant exchange rates are as follows: 
The first forward contract was to hedge a purchase of inventory on April 1, payable on December 1.On April 30, what amount of foreign currency transaction loss should Manatee report in income?
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Academic Standards
Specific criteria or principles used to measure and evaluate the quality of education, including the attainment of knowledge, skills, and competencies by students.
Discrimination
Unjust or prejudicial treatment of different categories of people or things, especially on the grounds of race, age, or sex.
Ethnic Identity
A person's sense of belonging to a particular ethnic group, including the customs, culture, and language associated with that group.
Race
A categorization of humans based on physical and biological characteristics, often influencing social interactions and identities.
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