At December 31, 2023, Albrecht Corporation had outstanding 233,000 shares of common stock and 12,000 shares of 9.5%, $100 par value cumulative, nonconvertible preferred stock. • On May 31, 2024, Albrecht sold for cash 12,000 shares of its common stock. • No cash dividends were declared for 2024. • For the year ended December 31, 2024, Albrecht reported a net loss of $246,000. Required: Calculate Albrecht's net loss per share for the year ended December 31, 2024. Note: Do not round intermediate calculations. Enter your answers in thousands (i.e., 10,000 should be entered as 10). Numerator + + Denominator = Net Loss per Share =
At December 31, 2023, Albrecht Corporation had outstanding 233,000 shares of common stock and 12,000 shares of 9.5%, $100 par value cumulative, nonconvertible preferred stock. • On May 31, 2024, Albrecht sold for cash 12,000 shares of its common stock. • No cash dividends were declared for 2024. • For the year ended December 31, 2024, Albrecht reported a net loss of $246,000. Required: Calculate Albrecht's net loss per share for the year ended December 31, 2024. Note: Do not round intermediate calculations. Enter your answers in thousands (i.e., 10,000 should be entered as 10). Numerator + + Denominator = Net Loss per Share =
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 8MC: Hyde Corporations capital structure at December 31, 2018, was as follows: On July 2, 2019, Hyde...
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![At December 31, 2023, Albrecht Corporation had outstanding 233,000 shares of common stock and 12,000 shares of 9.5%, $100 par
value cumulative, nonconvertible preferred stock.
• On May 31, 2024, Albrecht sold for cash 12,000 shares of its common stock.
• No cash dividends were declared for 2024.
• For the year ended December 31, 2024, Albrecht reported a net loss of $246,000.
Required:
Calculate Albrecht's net loss per share for the year ended December 31, 2024.
Note: Do not round intermediate calculations. Enter your answers in thousands (i.e., 10,000 should be entered as 10).
Numerator + Denominator = Net Loss per Share
=](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6bf959ff-6da9-4501-824e-ff3bfaf19f68%2F7fa7d8ed-a601-48db-9a28-92d7a964c842%2F40kn6u6_processed.jpeg&w=3840&q=75)
Transcribed Image Text:At December 31, 2023, Albrecht Corporation had outstanding 233,000 shares of common stock and 12,000 shares of 9.5%, $100 par
value cumulative, nonconvertible preferred stock.
• On May 31, 2024, Albrecht sold for cash 12,000 shares of its common stock.
• No cash dividends were declared for 2024.
• For the year ended December 31, 2024, Albrecht reported a net loss of $246,000.
Required:
Calculate Albrecht's net loss per share for the year ended December 31, 2024.
Note: Do not round intermediate calculations. Enter your answers in thousands (i.e., 10,000 should be entered as 10).
Numerator + Denominator = Net Loss per Share
=
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