The general fund of battle creek budgeted a transfer to its capital projects fund for $110,000 to be used in operations during the year ended june 20, 20x9. on september 15, 20x8, the general fund transferred $110,000 to the capital projects fund. what account should be debited in the general fund on september 15 to record this transfer

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.