Rosewood Company made a loan of $8,600 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: A. $387, $129 B. $129, $387 C. $0, $516 D. $516, $0
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Rosewood company made a loan of $8600 solution this general accounting question
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