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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
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
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