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