Drummond Co. recently underwent a sell-off of its home gardening and repair subsidiary, Missoula Co., to an independent party. If Drummond recorded a gain of $94,130 on the carve out and received $128,310 cash for the sale, what are the net assets of Missoula?
A) $128,310
B) $ 94,130
C) $ 34,180
D) $222,440
E) None of the above
Correct Answer:
Verified
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