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A company is obligated to pay its creditors $6,100 at the end of the year. If the value of the company's assets equals $5,800 at that time, what is the value of shareholders' equity

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Tundexi

Answer:

The value of shareholders' equity is -$300

Explanation:

Shareholders' equity is the corporation's owners' residual claim on assets after debts have been paid.

Total assets= Total liability + shareholders' equity

Shareholders' equity = Total assets - Total liability

Shareholders' equity = $5,800 - $6,100

Shareholders' equity = -$300

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