Question: Whether a cost is fixed or variable depends on the time horizon. In the long run, all costs are a. mixed. b. variable. c. step


Whether a cost is fixed or variable depends on the time horizon. In the long run, all costs are a. mixed. b. variable. c. step d. fixed Madsen Company reported the following information for 2013: Sales revenue I $510,000 Cost of goods sold 350,000 Operating expenses 55,000 Unrealized holding gain on available-for-sale securities 30,000 Cash dividends received on the securities 2,000 For 2015, Madsen would report other comprehensive income of a. $137,000. b. $32,000. c. $30,000 d. $135,000. Madsen Company reported the following information for 2015: Sales revenue I $510,000 Cost of goods sold 350,000 Operating expenses 55,000 Unrealized holding gain on available-for-sale securities 30,000 Cash dividends received on the securities 2,000 For 2015, Madsen would report other comprehensive income of a. $137,000. b. $32,000. c. $30,000 d. $135,000
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