Laski Corp

question 29

Multiple Choice

Laski Corp.holds two trading investments and has decided to use the fair value through profit or loss model.At year end, one has an unrealized gain of $2,000 and the other has an unrealized loss of $4,500.The trading investments would be reported at fair value and Laski Corp.would report a net unrealized loss of

• A)$2,500 in the statement of income.
• B)$4,500 in the statement of income.
• C)$2,500 in the statement of comprehensive income.
• D)$4,500 in the statement of comprehensive income.