Parsley Corporation had 330,000 shares of common stock and 5,800 shares of 9%, $100 par, preferred...
Parsley Corporation had 330,000 shares of common stock and 5,800 shares of 9%, $100 par, preferred stock outstanding on December 31, 2017. The preferred stock is cumulative, nonconvertible preferred stock. On June 1, 2018, Parsley sold 44,000 shares of common stock for cash. No cash dividends were declared for 2018. Parsley reported a net loss of $328,000 for the year ended December 31, 2018.
Required: Calculate Parsley's loss per share for the year ended December 31, 2018. (Round your answer to 2 decimal places.)
Homework Answers
Answer = LOSS PER SHARE ($1.07) / share
Explanation;
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