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What amount should valet report in its income statement

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Reference no: EM133115259

Question - Valet Corporation began operations in 2018. An analysis of Valet's debt securities portfolio acquired in 2018 shows the following totals at December 31, 2018 for trading and available-for-sale debt securities:

 

Trading Securities

Available-for-Sale Securities

Aggregate cost

$180,000

$220,000

Aggregate fair value

160,000

190,000

Required - What amount should Valet report in its 2018 income statement for unrealized holding loss?

Reference no: EM133115259

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