1. A corporation issues 4,900 shares of common stock for $156,800. The stock has a stated value of $18 per share. What amount of credit to Common Stock would the journal entry to record the stock issuance include?

Select the correct answer.

A. $156,800

B. $4,900

C. $68,600

D. $88,200

2.

Harding Company
Accounts payable	$ 40,000
Accounts receivable	65,000
Accrued liabilities	7,000
Cash	30,000
Intangible assets	40,000
Inventory	72,000
Long-term investments	110,000
Long-term liabilities	75,000
Marketable securities	36,000
Notes payable (short-term)	30,000
Property, plant, and equipment	625,000
Prepaid expenses	2,000

Based on the data for Harding Company, what is the quick ratio, rounded to one decimal point?

A. 1.7

B. 2.6

C.0.9

D. 2.7