At the Time of Liquidation,Fairchild Company Reported Assets of $200,000,liabilities

Multiple Choice

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?

A) $200,000
B) $80,000
C) $90,000
D) $100,000