This addresses an unrealized holding loss for securities.
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Valet Corp. began operations in 2010. An analysis of Valet's equity securities portfolio acquired in 2010 shows the following totals at December 31, 2010 for trading and available-for-sale securities:
Trading Securities Avalable For Sale Securities
Aggragate Cost $90,000 $110,000
Aggragate Fair Value 65,000 95,000
What amount should Valet report in its 2010 income statement for unrealized holding loss?
a) 40,000
b) 10,000
c) 15,000
d) 25,000
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Solution Summary
The solution provides the calculations needed to determine the amount that Valet should report for an unrealized holding loss.
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