Kirkland Theater sells season tickets for six events at a price of $189. For the 2016 season, 1,200 season tickets were sold.

Required:

a-1. Use the horizontal model to show the effect of the sale of the season tickets. (Use amounts with + for increases and amounts with – for decreases.) FIll in yellow boxes

Assets Balance Sheet Liabilities Stockholders Equity Net Income

b-1. Use the horizontal model to show the effect of presenting an event. (Use amounts with + for increases and amounts with – for decreases.) Fill in yellow boxes

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.