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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

Multiple Choice

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


A) $117,000.
B) $115,000.
C) $97,000.
D) $20,000.

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