# The following information is excerpted from the financial statements in a recent annual report of...

## Question:

The following information is excerpted from the financial statements in a recent annual report of Esper Corporation. (Dollar figures and shares of stock are in thousands).

Extraordinary loss on extinguishment of debt: $(8,490) Loss from continuing operations:$(16,026)

Income from discontinued operations: $6,215 Preferred stock dividend requirements:$(2,778)

Weighted average number of shares of common stock outstanding: 39,739

Calculate the amount of net loss per share for the period (do not calculate per share amounts for subtotals, such as income from continuing operations, loss before extraordinary items, etc. You are required to compute only a single earnings per share amount).

## Loss Per Share:

When any company earns loss for the period and the number of equity will be divided by the loss this is known as the loss per share. Loss per share is not good for the company.

Calculation for net gain/loss per share for the period.
Particulars Amount
Loss from continuing operations (16,026.00)
Income from discontinued operations 6,215.00
Net loss from operetion (9,811.00)
Extraordinary loss on extinguishment of debt (8,490.00)
Loss before the cumulative effect of change in accounting (18,301.00)
Cumulative effect of change in accounting for income taxes (12,700.00)
Net loss (31,001.00)
Preferred dividend requirements (2,778.00)
Net lose applicable to common stockholders (33,779.00)
Weighted-average number of shares of common stock 39,739.00
Loss per share (\$33,779 / 39,739) (0.85)