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When debt is issued at a discount, interest expense over the term of debt equals the cash interest paid O Plus discount plus par value. Minus discount minus par value. Plus discount. O Minus discount. Lower than the carrying amount at December 31, Year 1. Higher than the carrying amount at December 31, Year 1. Higher than the carrying amount at December 31, Year 3. The same as the carrying amount at January 1, Year 1. When purchasing a bond, the present value of the bond's expected net future cash inflows discounte interest provides what information about the bond? O Interest. Yield. Par. o o Price. The breakeven point in units increases when unit costs Remain unchanged and sales price increases. O Increase and sales price remains unchanged. O O O O Decrease and sales price remains unchanged. Decrease and sales price increases. All of the following are defined as elements of an income statement except Gains and losses. Expenses. O Revenues. O Shareholders' equity