When a company sells an investment accounted

for using the fair$-$value method, the gain or loss

on the sale is:

A$)$ the difference between the sale proceeds

and the carrying value of the investment.

B$)$ the difference between the sale proceeds and

the original cost of the investment.

C$)$ the difference between the original cost and

the carrying value of the investment.

D$)$ no gain or loss is recognized.