The stock is no longer quoted on whichever market it was listed. But, the shares could still be traded via the pink sheets. Then, if CIT came out of chapter 11, the shares would again be quoted on the exchange.
Assets and equity go up.
Super Stock is a giant, industry leading provider of stock photographs. Super Stock also offers a huge selection of illustrations, maps, video files, and audio files.
your stock will go to 30 dollars!
pay dividend before common stock
Your common stock becomes worthless. The value of your shares is zero dollars.
Yes if there is a clause while issuing common stock that stock holder can convert the common stock to preffered stock.
debit common stock of one typecredit common stock of other type
Common Stock is a Credit. Closing Stock is a Debit.
Yes, credits increases the common stock because common stock has credit as a normal balance of account.
declaration of a stock dividend
Common Stock normally has a Credit Balance.
Use of chisels and files to decorate wood