The JVB Corporation had 200,000 shares of common stock and 10,000 shares of cumulative, $6 preferred stock outstanding during 2011. The preferred stock is convertible at the rate of three shares of common per share of preferred. For 2011, the company had a $60,000 net loss from operations and declared no dividends. JVB should report 2011 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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The Answer of The JVB Corporation had 200,000 shares of common stock and 10,000 shares of cumulative, $6 preferred stock outstanding during 2011. The preferred stock is convertible at the rate of three shares of common per share of preferred. For 2011, the company had a $60,000 net loss from operations and declared no dividends. JVB should report 2011 diluted loss per share of (rounded to the nearest cent)
A) $(0.30).
B) $(0.52).
C) $(0.58).
D) $(0.60).

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