Which one of the following is not correct?

select one:

a. for debt issued at par: interest expense reported on the income statement equals the cash paid for interest.

b. for bond repurchases: gain (loss. on bond repurchase = cash paid to repurchase – net book value of bonds.

c. for debt issued at a discount: interest expense reported on the income statement equals cash interest payment less amortization of the discount.

d. for debt issued at a premium, interest expense reported on the income statement equals cash interest payment less amortization of the premium.

e. all of the above are correct.