Rosewood Company made a loan of $9600 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 of interest revenue that Rosewood would report in Year 1 and Year 2, respectively?
A. $432 in Year 1 and $144 in Year 2
B. $576 in Year 1 and $0 in Year 2
C. $144 in Year 1 and $432 in Year 2
D. $0 in Year 1 and $576 in Year 2
Answer: A
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Indicate whether the statement is true or false
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Answer the following statement true (T) or false (F)
Job-based pay structure
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