On April 1, 2019, Flamengo Co. signed a one-year loan with 8% interest for $100,000. Assuming that Flamengo Co. maintains its books on a calendar year basis, how much interest expense should be reported in the 2020 income statement? Group of answer choices $4,000. $3,000. $2,000. $1,000.

answer; /// the best answer to the above question is; the main economic goal that a society consider when deciding the best way to distribute its wealth is equity, this to ensure that all resources are equally distributed; ///(a) (economic equity)

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answer; false pretense;

answer; lags, push the econ below the natural level of output;