Question 8

made a loan of $16,000 to one of the company's employees on April 1. Year 1. The one-year note carried a 6% rate of interest. What is the amount je that Rosewood would report in Year 1? Help Save & Ex bice $720 $0 $240 $960 TJ Max of Dallas made a loan of $16,000 to one of the company's employees on April of interest revenue that Rosewood would report in Year 1? Multiple Choice $720 G $0 $240 $960 to search Prey