Laski Corp. holds two held for 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 held for trading investments would be reported at fair value and Laski Corp. would report a net unrealized loss of
A) $2,500 in the income statement.
B) $4,500 in the income statement.
C) $2,500 in the statement of comprehensive income.
D) $4,500 in the statement of comprehensive income.

Question

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The Answer of Laski Corp. holds two held for 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 held for trading investments would be reported at fair value and Laski Corp. would report a net unrealized loss of
A) $2,500 in the income statement.
B) $4,500 in the income statement.
C) $2,500 in the statement of comprehensive income.
D) $4,500 in the statement of comprehensive income.