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At the time of liquidation, Fairchild Company reported assets of $200,000, liabilities of $120,000, common stock of $70,000 and retained earnings of $10,000). What is

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At the time of liquidation, Fairchild Company reported assets of $200,000, liabilities of $120,000, common stock of $70,000 and retained earnings of $10,000). What is the maximum amount of Fairchild's assets that the shareholders are entitled to receive? Multiple Choice $100,000 $80.000 $90,000 $200.000

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