Which one of the following is not correct? For debt issued at par interest expense reported on the income statement equals the cash paid for interest O For debt issued at a discount interest expense reported on the income statement equals cash interest payment less amortization of the discount For debt issued at a premium, interest expense reported on the income statement equals cash interest payment less amortization O of the premium For debt issued at par the net amount of bond payable is always the face value over the bond's life