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. For bond repurchases: Gain (loss) on bond repurchase = Cash paid to repurchase Net book value of bonds. 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 of the premium. None of the above