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rosewood company made a loan of $6,800 to one of the company's employees on april 1, year 1. the one-year note carried a 6% rate
rosewood company made a loan of $6,800 to one of the company's employees on april 1, year 1. the one-year note carried a 6% rate of interest. the amount of interest revenue that rosewood would report during the years ending december 31, year 1 and year 2, respectively, would be:
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