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Financials Corporation is a U.S.-based parent company with a subsidiary (Movile Enterprises) based in France. In Movile's trial balance on December 31, 20X1, there are

Financials Corporation is a U.S.-based parent company with a subsidiary (Movile Enterprises) based in France. In Movile's trial balance on December 31, 20X1, there are foreign currency units worth $2,800 USD. When the US dollars are received, the spot exchange rate is $1.40 = 1. What is the foreign currency transaction loss in euros on the trial balance on December 31, 20X1, if the current exchange rate is $1.80 = 1?

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