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The numerator and denominator Are incorrect. I am not sure what I am doing wrong. At December 31, 2020, Albrecht Corporation had outstanding 373,000 shares
The numerator and denominator Are incorrect. I am not sure what I am doing wrong.
At December 31, 2020, Albrecht Corporation had outstanding 373,000 shares of common stock and 8,000 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 $1,862,000. 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.)Step by Step Solution
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