The city of maine creek acquired a used front-end loader from a road contractor for use at the city landfill (which is accounted for in an enterprise fund). the loader had a fair value of $54,000 and a historical cost of $90,000. the city paid the contractor $50,000 for the loader. at what amount should the front-end loader be reported in the government-wide financial statements?

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.