11. When fresh-start reporting is used according to Statement of Position (SOP) 90-7 (now incorporated in FSB ASC topic 852), the implication is that a new firm exists. Which of the following statements is NOT correct about fresh-start accounting? A. Assets are reported at FMVs. B. Beginning Retained Earnings is reported at zero. C. The FMV of the assets must be greater than the post-petition liabilities and allowed claims. D. The original owners must own less than 50% of the voting stock after reorganization.

I believe the answer is C but I believe there is an error and instead of greater than it should say less than.