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For the year ended December 31, 2007, Milan Company reported the following financial information. Gross profit from sales = $600,000 Operating expenses = $100,000 Unrealized
For the year ended December 31, 2007, Milan Company reported the following financial information.
Gross profit from sales = $600,000
Operating expenses = $100,000
Unrealized loss from foreign currency translation = $75,000
Dividends received from available-for-sale securities = $15,000
Interest expense = $25,000
Unrealized gain from available-sale-securities = $20,000
Ignoring taxes, calculate Milans comprehensive income for 2007.
Group of answer choices
A) -$55,000
B) $44,000
C) $435,000
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