Which One of the Following Is Not Correct

Multiple Choice

Which one of the following is not correct?

A) For debt issued at par, its interest expense reported on the income statement equals the cash interest payment.
B) For bond repurchases: Net bonds payable = Repurchase payment + Gain (loss) on bond repurchase.
C) For debt issued at a discount, interest expense reported on the income statement consists of the following two components: cash interest paid less the amortization of a discount.
D) None of the above