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Silas Company Reported the Following Information for 2007 For 2007, Silas Would Report Comprehensive Income of
A)$117,000

question 53

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Silas Company reported the following information for 2007:  Sales revenue $500,000 Cost of goods sold 350,000 Operating expenses 55,000 Unrealized holding gain on available-for-sale securities 20,000 Cash dividends received on the securities 2,000\begin{array}{lr}\text { Sales revenue } & \$ 500,000 \\\text { Cost of goods sold } & 350,000 \\\text { Operating expenses } & 55,000 \\\text { Unrealized holding gain on available-for-sale securities } & 20,000 \\\text { Cash dividends received on the securities } & 2,000\end{array} For 2007, Silas would report comprehensive income of


Definitions:

Product Costs

Costs that are directly associated with the creation of a product, including material, labor, and overhead expenses.

Controllable Costs

Expenses that can be influenced or managed by decisions made by specific managers or departments within an organization.

Relevant Range

The range of activity within which the assumptions about cost behavior for a company are valid.

Maximum Capacity

The highest level of output or activity that a company can sustain within a specific period under normal operating conditions.

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