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What the company will present in statement of income

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Problem 1: One company had a net loss of $ 80,000 in 2019. The company has cumulative preferred shares corresponding to an annual dividend of $ 20,000. However, in 2019, the company did NOT declare dividends. The average number of common shares outstanding for 2019 was 40,000. The company will present in its statement of income and expenses:

a. Basic loss per share $ 2.00 and diluted loss per share $ 2.50
b. Basic loss per share $ 2.00 and diluted loss per share $ 1.50
c. Basic loss per share of $ 2.50 and there is no diluted loss.
d. Basic loss per share of $ 1.50 and there is no diluted loss.

Reference no: EM132726995

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