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Determine what is net loss

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Reference no: EM132473433

Point : Selected accounts from the ledger of Restoration Arts for the fiscal year ended April 30, 20Y5, are as follows:

Common Stock

May 1 (20Y4)10,000

July 17,500Retained Earnings

Apr. 3031,200

May 1 (20Y4)475,500

Apr. 305,000Dividends

July 31 (20Y4)1,250

Apr. 305,000Oct. 311,250

Jan. 311,250

Apr. 30 (20Y4)1,250

Question 1: What is net loss

Reference no: EM132473433

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