The Granger Corporation Had 200,000 Shares of Common Stock and 10,000

question 19

Multiple Choice

The Granger Corporation had 200,000 shares of common stock and 10,000 shares of cumulative,$6 preferred stock outstanding during 2014.The preferred stock is convertible at the rate of three shares of common per share of preferred.For 2014,the company had a $60,000 net loss from operations and declared no dividends.Granger should report 2014 diluted loss per share of (rounded to the nearest cent)

• A) $(0.30).
• B) $(0.52).
• C) $(0.58).
• D) $(0.60).

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