Question: On September 1 , 2 0 x 7 , TIE Corporation submitted a US $ 1 0 0 , 0 0 0 purchase order for

On September 1,20x7, TIE Corporation submitted a US $100,000 purchase order for equipment when the exchange rate was US$1= C$1.161. On October 31,20x7, it received the equipment, when the exchange rate was C$1.169. On December 1,207, it paid US $50,000 to the supplier, when the exchange rate was C$1.176. On December 31,207, the exchange rate was C$1.180.
What is the foreign exchange loss on this series of transactions for the year ended December 31,20x7?
$1,900
$1,100
$1,700
$900
On September 1,20x7, TIE Corporation submitted a US $100,000 purchase order

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