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At December 31, Year 1, a company had outstanding 353,000 shares of common stock and 20,000 shares of 9.5%,$100 par value cumulative, nonconvertible preferred stock.
At December 31, Year 1, a company 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, Year 2, the company sold for cash 12,000 shares of its common stock. - No cash dividends were declared for Year 2. - For the year ended December 31, Year 2, the company reported a net loss of $1,430,000. Required: Calculate the company's net loss per share for the year ended December 31, Year 2. Note: Do not round intermediate calculations. Enter your answers in thousands (i.e,, 10,000 should be entered as 10)
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