Rinehart company made a loan of 7400 to one of the companys


Rinehart Company made a loan of $7,400 to one of the company's employees on April 1, 2013. The one-year note carried a 6% rate of interest. The amount of interest revenue that Rinehart would report in 2013 and 2014, respectively would be?

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Financial Accounting: Rinehart company made a loan of 7400 to one of the companys
Reference No:- TGS01050823

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