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 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

Quizplus · Accepted Answer

The net unrealized loss is reported in the statement of comprehensive income under the fair value through profit or loss model.