On April 1, 2014, Manatee Company Entered into Two Forward

question 2

Multiple Choice

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 second forward contract was strictly for speculation.On April 30, 2014, what amount of foreign currency transaction gain should Manatee report in income.

• A)$0.
• B)$3,000.
• C)$9,000.
• D)$12,000.

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Definitions:

Phone Lines

Telecommunication pathways that enable the transmission of voice and data signals over distances.

Research Plan Development

The process of defining and outlining strategies, methods, and specific steps to carry out a research project.

Research Design

A systematic plan that outlines how to conduct a study, including methods, data collection, and analysis techniques.

Objective Development

The process of defining clear, achievable goals and objectives to guide project planning and implementation.