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PROBLEM 30-7 Basic Loss per Share On December 31, 2016, Carino Co. had 30,000 weighted average outstanding ordinary shares. During the year 2016, Carino Co. reported a net loss of P2,000,000. Questions: Based from the above data, determine the basic loss per share under the following independent assumptions. 1. There are no preference shares issued a. (P65.00) C. (P68.33) b. (P66.67) d. (P68.67) 2. There are 5,000 shares of 10%, P100 par, cumulative, preference shares (P65.00) C. (P68.33) b. (P66.67) d. (P68.67) 3. There are 5,000 shares of 10%, P50 par, non-cumulative, preference shares. Also, Carino declared dividends on the preference shares amounting to P60,000 during the year (P65.00) c. (P68.33) d. (P68.67) a. a. b. (P66.67)