Dyckman Dealers Has an Investment in Thomas Corporation That Dyckman

Dyckman Dealers has an investment in Thomas Corporation that Dyckman accounts for as a trading security.Thomas Corporation shares are publicly traded on the New York Stock Exchange,and the prevailing price on that exchange indicates that Dyckman's investment is worth $20,000.However,Dyckman management believes that the stock market is generally overvalued,and their analysis of the Thomas investment suggests to them that it is worth $18,000.Dyckman should carry the Thomas investment on its balance sheet at:

A) $20,000.
B) $18,000.
C) Either $18,000 or $20,000,as either are defensible valuations.
D) $19,000,the midpoint of Dyckman's range of reasonably likely valuations of Thomas.