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Crossroads Co . chooses to report a financial asset at its fair value. The asset trades in two different markets; however, neither market is the

Crossroads Co. chooses to report a financial asset at its fair value. The asset trades in two different markets; however, neither market is the principal market for the financial asset. In the first market, sales proceeds are $76, which is net of transaction costs of $6. In the second market, the sales proceeds are $80, which is net of transaction costs of $1. What amount should Crossroads report as the fair value of the asset?
A.
$82
B.
$81
C.
$80
D.
$76

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