Amber Devices Ltd

Multiple Choice

Amber Devices Ltd. has total assets worth $900 million and total liabilities worth $475 million at the end of December 31. What is the amount of money received by the stockholders, if Amber liquidates all of its assets for $850 and pays off all of its outstanding debt at book value?

A) $850 million
B) $475 million
C) $1,325 million
D) $425 million
E) $375 million