Sterling co recently underwent a sell-off of its home, Financial Accounting

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Sterling co recently underwent a sell-off of its home

Sterling Co. recently underwent a sell-off of its home gardening and repair subsidiary, Campbell Co., to an independent party. If Sterling recorded a gain of $62,755 on the carve out and received $85,540 cash for the sale, what are the net assets of Campbell?

a. $108,325

b. $148,295

c. $ 45,570

d. $ 22,785

e. None of the above

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Financial Accounting: Sterling co recently underwent a sell-off of its home

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Financial Accounting: Sterling co recently underwent a sell-off of its home

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