Karelian Bear Dog, Inc. had 500,000 shares of common stock and 10,000 shares of 8%, $100 par, preferred stock outstanding on December 31, 2013. The preferred stock is cumulative, nonconvertible preferred stock. On June 1, 2014, Karelian Bear Dog issued 72,000 shares of common stock for cash. No cash dividends were declared for 2014. Karelian Bear Dog reported a net loss of $640,000 for the year ended December 31, 2014.

Instructions:

Calculate Karelian Bear Dog's loss per share (rounded to 2 decimal places) for the year ended December 31, 2014.

Answer rating: 100% (QA)

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