The interest amount for a 45 days note with a face value of $40,000 and 4% interest rate is $200.* True False If interest expense for a $10,000 note with 6% interest rate is $150, the note's duration is 2 months. * True False The maturity date for a 55 days note dated March 1, 2020 is April 25, 2021. * True P O False The maturity date for 1-year note dated June 1, 2020 is June 1, 2019. * True O False On July 1, 2020, Rainbow Company received $42,000 in advance from Amir Company for services to be provided over the following 10 months. The company prepares its financial statement annually at December 31. The amount of revenue earned by the company on December 31 is $25,200. * True O False