Find net unrealized loss, Sun Corporation had investments

Find net unrealized loss

Reference no: EM1345421

SunCorp had investments in marketable equity securities costing 650,000 on June 30, year 2. Sun Corp decided to hold the investments indefinitely and accordingly reclassified them from trading to available-for-sale on that date. The investments market value was 575,000 at December 31, year 1, 530,000 at June 30, year 2 and 490,000 at December 31 year 2.

What amount should SunCorp report as net unrealized loss on available-for-sale marketable equity securities in its year 2 statement of stockholders' equity?

a) 40,000
b) 45,000
c) 85,000
d) 160,000

Reference no: EM1345421

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