On may 23, stoltz realty inc. issued for cash 80,000 shares of no-par common stock (with a stated value of $3) at $12. on july 6, stoltz realty inc. issued at par value 18,000 shares of preferred 1% stock, $50 par for cash. on september 15, stoltz realty inc. issued for cash an additional 50,000 shares of no-par common stock (with a stated value of $3) for $15. journalize the entries to record the may 23, july 6, and september 15 transactions. refer to the chart of accounts for exact wording of account titles.

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.