Solution-Irrational inc is obligated to pay its creditors

Irrational inc is obligated to pay its creditors 7500

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Irrational, Inc., is obligated to pay its creditors $7,500 during the year.

a. What is the value of the shareholders' equity if assets equal $8,700?

b. What if assets equal $6,900?

Reference no: EM13485013

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