Silvermark Enterprises the Following Information Is from Silvermark's 2012 Accounting

question 4

Multiple Choice

Silvermark Enterprises The following information is from Silvermark's 2012 accounting records.

-Refer to the information provided for Silvermark Enterprises. Using the cost of goods sold model, how much will Silvermark report as its cost of goods sold in its 2012 income statement?

• A) $193,600
• B) $198,400
• C) $185,600
• D) $190,400

---

Definitions:

Fair Trade

A social movement aimed at helping producers in developing countries achieve better trading conditions and to promote sustainability.

Trade Agreements

Formal arrangements between countries that determine the terms of trade, tariffs, and duties, aimed at facilitating smoother and more efficient international commerce.

Free Trade

An economic policy that allows imports and exports between countries with minimal governmental restrictions or tariffs.

ILO

The International Labour Organization, a United Nations agency that sets international labor standards and promotes rights at work.