Question: Please answer with detailed explanation else downvote. Lober Ltd. made the following purchases in Brazilian reals (BRL) during 2019 and paid the amounts owed based

Please answer with detailed explanation else downvote.

Lober Ltd. made the following purchases in Brazilian reals (BRL) during 2019 and paid the amounts owed based on the following schedule: The functional currency of Tober is the CAD$. Date Purchases (BRL) Payments (BRL) BRL1 =X CAD$ April 1, 2019 875,000 .548 April 15, 2019 450,000 .552 April 23, 2019 925,000 .591 April 30, 2019 380,000 .578 The amount of foreign exchange to be reported in April is: a. $11,400 loss b. $10,675 gain c. $2,525 loss

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