FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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At December 31, 2015, Albrecht Corporation had outstanding 373,000 shares of common stock and 8,000 shares
of 9.5%, $100 par value cumulative, nonconvertible
12,000 shares of its common stock. No cash dividends were declared for 2016. For the year ended December 31,
2016, Albrecht reported a net loss of $114,000.
Required:
Calculate Albrecht’s net loss per share for the year ended December 31, 2016.
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