During its calendar year 2019, a city issued $800,000 of bonds to acquire various items of capital equipment. by the end of 2020, the city had spent all the bond proceeds to purchase capital assets. accumulated depreciation on the assets was $120,000, and $150,000 of the bonds had been paid off. how much should the city report in its government-wide statement of net position as net investment in capital assets?

Which of the following statements is not correct? the stock of publicly owned companies must generally be registered with and reported to a regulatory agency such as the sec. when stock in a closely held corporation is offered to the public for the first time, the transaction is called "going public, or an ipo," and the market for such stock is called the new issue or ipo market. "going public" establishes a firm's true intrinsic value and ensures that a liquid market will always exist for the firm's shares. if you wanted to know what rate of return stocks have provided in the past, you could examine data on the dow jones industrial index, the s& p 500 index, or the nasdaq index.