1. D. A firm has common stock of $8,755, paid-in surplus of $6,400, total liabilities of $7,700, current assets of $4,200, and fixed assets of $23,100. What is the amount of the shareholders' equity?

a.$11,200

b.$19,600

c.$26,600

d.$35,500

1. E. Which of the following parties are considered stakeholders of a firm?

I. long-term creditor

II. employee

III. government

IV. supplier

a. I only

b.IV only

c.II and IV only

d.II, III, and IV only