CraneCompany is a publicly held corporation whose $1 par value stock is actively traded at $31 per share. The company issued 3300 shares of stock to acquire land recently advertised at $106000. When recording this transaction, Crane Company will

debit Land for $106000.
credit Paid-In Capital in Excess of Par for $102300.
credit Common Stock for $102300.
debit Land for $102300.

Why might a business based on a fad be a good idea? question 2 options: fads bring in the most customers. some fads are longer lasting than expected. fads have made some business owners incredibly wealthy. fads can take a business in a new direction.

mark, a civil engineer, entered into a contract with david. as per the contract, mark agreed to design and build a house for david for a specified fee. mark provided david with an estimation of the total cost and the contract was mutually agreed upon. however, during construction, when mark increased the price due to a miscalculation on his part, david refused to pay the amount. this scenario is an example of a mistake.

phillips, inc. had the following financial data for the year ended december 31, 2019. cash $ 41,000 cash equivalents 75,000 long term investments 59,000 total current liabilities 149,000 what is the cash ratio as of december 31, 2019, for phillips, inc.? (round your answer to two decimal places.)