On October 1, 2024, Ogneva Corporation loans one of its employees $40,000 and accepts a 12-month, 9%
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On October 1, 2024, Ogneva Corporation loans one of its employees $40,000 and accepts a 12-month, 9% note receivable. Calculate the amount of interest revenue Ogneva will recognize in 2024 and 2025.
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