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You can hold it or sell it.
Polaroid Corporation went through Chapter 11 bankruptcy in 2001. The old shares have no value and are not publicly traded. If you have the physical stock certificate, you may be able to sell it to a collector or you could sell it to a friend for $1. Otherwise, you should contact your broker to see how to dispose of the share in your account.
If you know your original cost basis, you can claim the capital loss on your income tax, but you have to sell the share, somehow, to do that. Showing proof to the IRS that the share became worthless in 2001 doesn't do you any good, as you would have to take the loss in that tax year. That is no longer an option for you, as you only have seven years to file an amended return.
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What does a person who buys a stock own?
They own a share of a company.
Where does the money go when the stock market loses value?
The "stock market" refers to the sum of all the shares of stock that are publicly owned. The "value" of a share of stock is simply an estimate of what someone would pay you for that share if you chose to sell it. If you own a share and continue to own that share, what you own is the stock. In that case, you don't own money - any amount of money - you just own the stock. So when "the stock market" "loses value" no real money is lost - except from stock owners who choose to sell at low prices. The value lost is the amount of money that WOULD be lost by the current stock owners if all the shares were sold.
What is a vested share?
A vested share is a share in a company stock that is fully owned by an employee. Most people who own employee stock become vested after a few years of service with the company.
Who is the owners of dell company?
Thousands of share holders who own stock in Dell.
Is treasury stock included in common equity?
Treasury stock is contra to share capital account as it is those shares which company purchase from own capital to reduce the share capital amount.
Did Robert Kraft own Home Depot?
No one person owns Home Depot. It is a publicly traded stock corporation, and is owned by everyone that owns a share of stock. If you wanted, you could go buy a share of stock, and become a part owner.
What is the difference between a unit of stock and a share of stock?
No difference. A unit of stock is called a share.
What is an individual stock?
In individual stock (usually called a share) represents a portion of ownership in a company. For instance, if I own 1 share of Google, I have 1/x% ownership in Google where x is the total number of shares.
What is share and stock?
what is stock and shares?
Is share a stock?
Stock is a share is a stock. No! Yes! A company's stock is divided into multiple shares and you can buy those shares.
What is the difference between debenture and share?
debentures are a form of unsecured debt that is in the form of a bond. This type of debt is normally used by corporations for funding. A share is just a percentage of a company that you own through purchasing a share of stock of a company.
What is the journal entry for purchased 5000 shares of its own stock for 10 per share?
Debit Treasury Stock account50000 Credit Cash / bank account 50000
