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Can you claim a investment loss on stock for a company that went out of business even if you did not sell the stock?
Wiki User
∙ 16y ago
Yes. If a company goes bankrupt and, especially, if its business is liquidated, you can claim the full loss on the stock in the year the event occurred.
Wiki User
∙ 16y ago
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Is stock a financial asset?
If stock means investment in stock of other company then yes it is fianancial asset for business.
Is stock an asset?
Yes, stock is an asset. Stocks are proof of a financial investment in a company, and therefore an asset in relation to accounting.
What is the journal entry to record the unrealized loss on donated stock?
Dr. Unrealized loss on investment in Company B (P&L) Cr. Investment in Company B (B/S)
What is retained earnings a asset?
When a company purchases stocks, it is shown as an investment on the Asset side of the Balance Sheet. However, if a company buys back its own stock, it is shown in the Retained Earnings section of the Balance Sheet as Treasury Stock.
What are the classifications of business?
1 - Sole Proprietorship 2 - Partnership 3 - Joint Stock Company
Is stock a financial asset?
If stock means investment in stock of other company then yes it is fianancial asset for business.
What is an stock exchange investment plan?
first an investment plan should consist of historical side of the company, then its business activity and also by whom was it founded and when, why you selected the company??
What kind of business is Comdirect?
Comdirect is a business that offers banking and allows one to make investments into stocks. It is mainly a stock investment company that was established in Germany.
Does stock have a low or high risk?
Any stock has some risk, but the risk varies widely, depending on the strength of the company. If you just buy shares of a stock, your maximum risk is losing your entire investment (if the company goes out of business).
You are a financial advisor whose client is concerned about losing his investment if a company goes out of business what do you advise the client to buy?
preferred stock
Are stock futures a good investment in Omaha, NE?
yes it the best business place for the investment services such as stock trading
How much does a Wisconsin investment company common stock from 1929cost?
Collectors will generally pay between $25 - $35 for a stock certificate in good condition from the Wisconsin Investment Company.
Where is the Gartmore Group located?
The Gartmore Group is an investment business that is located in London, UK. The company was founded in 1969 and is a member of the London Stock Exchange.
I bought eBay stock and have lost 85 per cent of my investment can I claim the loss on my income tax?
Not if your still holding stock. After you sell it you can claim your profits or losses.
What is a part ownership of a company due to money investment?
stock
What is the difference between a holding company and an investment company?
A holding company is a company that owns the outstanding stock of other companies, giving it control over those companies' operations and management. An investment company, on the other hand, is a company that pools money from investors and uses that money to buy securities, such as stocks, bonds, and real estate. The primary business of an investment company is to invest in these securities and manage them to generate income and capital appreciation for the investors. In summary, a holding company acquires and controls other companies, while an investment company pools money from investors to invest in securities. My Recommendation: 𝐡𝐭𝐭𝐩𝐬://𝐰𝐰𝐰.𝐝𝐢𝐠𝐢𝐬𝐭𝐨𝐫𝐞𝟐𝟒.𝐜𝐨𝐦/𝐫𝐞𝐝𝐢𝐫/𝟑𝟕𝟐𝟓𝟕𝟔/𝐝𝐡𝐫𝐮𝐯𝐫𝐚𝐣_𝟔𝟎𝟗𝟏/
Does a shareholder have a right to compete with a company in which he owns stock?
It would not seem to be unethical or illegal, but it does appear to be rather counterproductive. The purpose for buying stock in a organization is usually for investment/profit. Owning a business that is in competition might cause the stockholder to lose or at least make less profit on the investment.
