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On October 1, 2018, Oberley Corporation loans one of its employees $31,000 and accepts a 12-month, 10% note receivable. Calculate the amount of interest revenue

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On October 1, 2018, Oberley Corporation loans one of its employees $31,000 and accepts a 12-month, 10% note receivable. Calculate the amount of interest revenue Oberley will recognize in 2018 and 2019. Interest Revenue Year 2018 2019

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