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Rosewood Company made a loan of $9,000 to one of the company's employees on April 1, 2016. The one-year note carried a 6% rate of

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Rosewood Company made a loan of $9,000 to one of the company's employees on April 1, 2016. The one-year note carried a 6% rate of interest. The amount of interest revenue that Rosewood would report in 2016 and 2017, respectively would be: $540, $0 $0, $540 $405, $135 $135, $405

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