Answer:
The market value of shareholders’ equity is $16,367
Explanation:
In this question, we are asked to calculate the residual value owed to shareholders.
We proceed as follows:
Firstly, we identify the following;
Amount payable to creditors = $33,333
Market value of assets = $49,700
Mathematically,
Market value of shareholders equity = Market value of assets - Amount payable to creditors = $49,700 - $33,333 = $16,367
