Nichols Enterprises Has an Investment in 25,000 Shares of Elliott

Nichols Enterprises has an investment in 25,000 shares of Elliott Electronics that Nichols accounts for as a security available for sale.Elliott shares are publicly traded on the New York Stock Exchange,and The Wall Street Journal quotes a price for those shares of $10 a share,but Nichols believes the market has not appreciated the full value of the Elliott shares and that a more accurate price is $12 a share.Nichols should carry the Elliott investment on its balance sheet at:

A) $300,000.
B) $250,000.
C) Either $250,000 or $300,000,as either are defensible valuations.
D) $275,000,the midpoint of Nichols' range of reasonably likely valuations of Elliott.