At December 31, 2020, Albrecht Corporation had outstanding 353,000 shares of common stock and 20,000 shares...

 

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At December 31, 2020, Albrecht Corporation had outstanding 353,000 shares of common stock and 20,000 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 $1,430,000 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.) Numerator Denominator Net Loss per Share At December 31, 2020, Albrecht Corporation had outstanding 353,000 shares of common stock and 20,000 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 $1,430,000 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.) Numerator Denominator Net Loss per Share

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Answer iPreferred dividend 20000 100 95 ... View the full answer