An investment in debt securities was carried in an available$-$for$-$sale portfolio. There was a credit balance in the

stockholders' equity account, Accumulated other comprehensive income$-$unrealized gain on available$-$for$-$sale securities$,$

because of market changes in these securities$.$ These securities were distributed to stockholders as a property dividend in

a nonreciprocal transfer. The dividend should be reported at the

Fair value of the asset transferred.

Fair value of the asset transferred or the recorded amount of the asset transferred, whichever is higher.

Fair value of the asset transferred or the recorded amount of the asset transferred, whichever is lower.

Recorded amount of the asset transferred.