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. calcilated the Albert's net loos per share for the year end december 31 2021.

Question

Anabella Graves

Business

27 February, 07:10

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. calcilated the Albert's net loos per share for the year end december 31 2021.

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Mattie Hodge · Answer 1

-$4.9 per share

Explanation:

Albrecht Corporation.

Net Loss per Share:

= - $1,862,000 / [ ($373,000*5/12) + ($385,000*7/12) ]

=-$1,862,000/$155,417+$224,573

=-$1,862,000/$380,000

=-$4.9 per share

Therefore Albrecht net loss per share for the year end december 31 2021 will be - $4.9 per share