At the Time of Liquidation,Fairchild Company Reported Assets of $200,000,liabilities

question 44

Multiple Choice

At the time of liquidation,Fairchild Company reported assets of $200,000,liabilities of $120,000,common stock of $90,000 and retained earnings of ($10,000) .What amount of Fairchild's assets are the shareholders entitled to receive?

• A)$200,000
• B)$80,000
• C)$90,000
• D)$100,000

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Definitions:

Cardiovascular Disease

A class of diseases that involve the heart or blood vessels, such as coronary artery disease or hypertension.

Chronic Stress

A condition resulting from continuous exposure to stressful situations over a long period, affecting an individual's physical and mental health.

Heart Failure

A medical condition in which the heart is unable to pump sufficiently to maintain blood flow to meet the body's needs.

Health History

A comprehensive record of a person's past and present health conditions, treatments, medications, allergies, and other relevant health information.