Which of the following statements accurately describes a reason why a spinoff transaction might be undertaken by a company?

Group of answer choices

(a) To raise much-needed cash to meet debt obligations.

(b) To provide a sharper focus for management who may lack the skill needed to manage the spun-off assets.

(c) To diversify the companys operations for the purpose of reducing the overall risk of the company.

(d) More than one of the above.

(e) None of the above.