1. Which one of the following is NOT correct?

A) For bond issued at par: interest expense reported on the income statement equals the cash paid for interest.

B) For bond issued at a premium, interest expense reported on the income statement equals cash interest payment less amortization of the premium.

C) For bond issued at a discount: interest expense reported on the income statement equals cash interest payment less amortization of the discount.

D) None of the above.