Chevelle, Inc., is obligated to pay its creditors $9,350 during the year. a....
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Accounting
Chevelle, Inc., is obligated to pay its creditors $9,350 during the year.
a. What is the value of the shareholders equity if assets equal $11,200? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Enter a "0" if necessary.)
Shareholders equity $
b. What is the value of the shareholders equity if assets equal $8,800? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Enter a "0" if necessary.)
Shareholders equity $
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