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?
The solution provides the calculations needed to determine the amount that Valet should report for an unrealized holding loss.