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Regal has elected the fair value option to account fo equity method investments. The fair...

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Accounting

Regal has elected the fair value option to account fo equity method investments. The fair value of the Air investment as of Dec 31, 2015 was $ 295,000. what was the carrying value of the Air investment on Dec 31, 2015? ( is it $ 295,000 or $ 300,000 or $ 310,500 or $ 313,500)?

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