On April 1, 2017, 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, 2017, what amount of foreign currency transaction gain should Manatee report in income.
Definitions:
Rhizopus
A genus of fungi, known for causing rot in fruits and vegetables and sometimes opportunistic infections in humans.
Zygospore
A sexual spore produced by a zygomycete.
Haploid
A cell or organism that contains a single set of chromosomes, typically representative of gametes in sexually reproducing organisms.
Black Stem Rust
A fungal disease caused by Puccinia graminis that affects cereals and grasses, characterized by dark rust pustules on stems and leaves.
Q1: Hopkins Company is considering the acquisition of
Q10: The amount of the adjustment to the
Q13: Pinta Company purchased 40% of Snuggie Corporation
Q15: SFAS No.162, the Accounting Standards Codification, is
Q26: Customers' meter deposits which cannot be spent
Q29: Encumbrances would NOT appear in which fund?<br>A)
Q41: On October 1, 2017, Pamela Company purchased
Q55: An economist is most capable of determining<br>A)
Q105: Camile Plastics Company had the following total
Q191: Assume MetAmbit Company had a net income