Answer:
B. $80,000
Explanation:
Total Asset = $200,000
Total Liabilities = $120,000
Shareholders are entitle to receive the assets net of liabilities as follows:
Total Net Asset = Total Assets - Total liabilities
Total Net Asset = $200,000 - $120,000
Total Net Asset = $80,000
$80,000 of Fairchild's assets are the shareholders entitled to receive.
