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At December 31, 2015, Albrecht Corporation had outstanding 273,000 shares of common stock and 20,000 shares of 9.5%, $100 par value cumulative, nonconvertible preferred stock. On May 31, 2016, Albrecht sold for cash 12,000 shares of its common stock. No cash dividends were declared for 2016. For the year ended December 31, 2016, Albrecht reported a net loss of $510,000 Required: Calculate Albrecht's net loss per share for the year ended December 31, 2016. (Enter your answers in thousands. Negative amounts should be indicated by a minus sign.) NumeratorDenominator 280,000 Net Loss per Share (2.50) $ (700,000)/ Show transcribed image text
At December 31, 2015, Albrecht Corporation had outstanding 273,000 shares of common stock and 20,000 shares of 9.5%, $100 par value cumulative, nonconvertible preferred stock. On May 31, 2016, Albrecht sold for cash 12,000 shares of its common stock. No cash dividends were declared for 2016. For the year ended December 31, 2016, Albrecht reported a net loss of $510,000 Required: Calculate Albrecht's net loss per share for the year ended December 31, 2016. (Enter your answers in thousands. Negative amounts should be indicated by a minus sign.) NumeratorDenominator 280,000 Net Loss per Share (2.50) $ (700,000)/
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Deanna HettingerLv2
9 May 2019
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