1. Which of the following(s) is(are) included in current assets?
I. accounts payable to a supplier that is due next week
II amount due from a customer next month
III loan payable to the bank in eight months
Iv. Bill to be received in fourteen months
A I only
B II only
C I, and III only
D II and IV only
E I, II, III and IV
2. A firm has common stock of $15,300, total liabilities of $8,400, current assets of $5,900, and fixed assets of $21,200. What is the amount of the shareholders' equity?
A. $6,900
B. $15,300
C. $18,700
D. $23,700
E. $35,500