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Exercise 19-15(Static) EPS; net loss; nonconvertible preferred stock; shares sold [L019-5,19-6,19-7] At December...

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Accounting

Exercise 19-15(Static) EPS; net loss; nonconvertible preferred stock; shares sold [L019-5,19-6,19-7]
At December 31,2023, 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 31,2024, 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 $114,000.
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).
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