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On October 1, 2024, White Corporation loans one of its employees $24,000 and accepts a 12-month, 10% note receivable. Calculate the amount of interest revenue

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On October 1, 2024, White Corporation loans one of its employees $24,000 and accepts a 12-month, 10% note receivable. Calculate the amount of interest revenue White will recognize in 2024 and 2025. Year Interest Revenue 2024 2025

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