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Chevelle, Inc., is obligated to pay its creditors $8,400 during the year. a. What is the value of the shareholders' equity if assets equal $9,300?

Chevelle, Inc., is obligated to pay its creditors $8,400 during the year.

a. What is the value of the shareholders' equity if assets equal $9,300?

b. What if assets equal $6,900?

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