Why were the British able to crush the revolt​

Answer:

A failure or lack of succession management

Explanation:

The going concern of any business should always be its top priority. This is the reason why every organization should have a good succession planning and management in place.

Succession management is a process of having in place a program that prepares and equips potential leaders with adequate experience and skills to take over from incumbent leaders whenever they are out of service , so that the business can maintain its existence into the future.

In a situation where a succession management is not in place or effective , the death of a leader causes a major setback to the business as can be seen in the question.

Answer:

Felix Incorporated

Exchange of Preferred Stock for Land:

Journal Entries:

Debit Land $90,000

Credit Preferred Stock $81,250

Credit Additional Paid-in Capital - Preferred Stock $8,750

To record the issue of 1,250 of $65 par-value preferred stock for land with a fair price of $90,000.

Explanation:

Felix Incorporated will debit Land with the fair price of $90,000 and Credit the Preferred Stock account with $81,250 (1,250 x $65) at par-value.  The difference between the fair price of land and the preferred stock at par-value is credited to additional paid-in capital account for preferred stock.  Felix Incorporated cannot take into account the current market value of the stock at $75 in its accounting records.  The current share price of $75 is for the benefit of investors, and can only serve as basis for Felix Incorporated to decide transactions with potential investors.