alberecht.. At December 31, 2020, Albrecht Corporation had outstanding 348,000 shares of common stock and 18,000 shares

alberecht..

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At December 31, 2020, Albrecht Corporation had outstanding 348,000 shares of common stock and 18,000 shares of 9.5%, $100 par value cumulative, nonconvertible preferred stock. On May 31, 2021, Albrecht sold for cash 12,000 shares of its common stock. No cash dividends were declared for 2021. For the year ended December 31, 2021, Albrecht reported a net loss of $1,391,000. Required: Calculate Albrecht's net loss per share for the year ended December 31, 2021. (Enter your answers in thousands. Negative amounts should be indicated by a minus sign. Do not round intermediate calculations.) Answer is complete but not entirely correct. Numerator Denominator = Net Loss per Share 348,000 |= $ 171,000 0.49 At December 31, 2020, Albrecht Corporation had outstanding 348,000 shares of common stock and 18,000 shares of 9.5%, $100 par value cumulative, nonconvertible preferred stock. On May 31, 2021, Albrecht sold for cash 12,000 shares of its common stock. No cash dividends were declared for 2021. For the year ended December 31, 2021, Albrecht reported a net loss of $1,391,000. Required: Calculate Albrecht's net loss per share for the year ended December 31, 2021. (Enter your answers in thousands. Negative amounts should be indicated by a minus sign. Do not round intermediate calculations.) Answer is complete but not entirely correct. Numerator Denominator = Net Loss per Share 348,000 |= $ 171,000 0.49

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