20-on January 1, 2015, Barr Corporation borrowed $40,000 signing a 7% (annual rate) note for that amount. The terms of the note call for 3 annual installment payments of $15,242 due on the last day of each year. The interest expense reported on this note for 2016 should be: a. The same amount as was reported in 2015.
b. A lower amount than was reported in 2015.
c. A higher amount than was reported in 2015.

idk the answer so dont listen to me but 23

false! basically!

i hope i'm correct.

anyone below or above ambitious can tell you. so crowns mean brainliest. getting brainliest means your answer needs a good explanation and the person asking the question can understand your answer easily. so say there's a multiple choice question. you don't just want to say your answer is a, hope it . provide evidence and reasoning so that they know that that is the correct answer. a good explanation should have evidence, good reasoning, and your opinion on why you picked that. you don't want to look up their question on the internet and see if you can answer it. pick questions that you 100% know the answer to, so than that way you can provide a better explanation.

best of luck,

the divergent

paying attention to the details