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.

Consider the scenario below and let us know if you believe lauren smith's actions to be ethical. let us know why or why not. lauren smith is the controller for sports central, a chain of sporting goods stores. she has been asked to recommend a site for a new store. lauren has an uncle who owns a shopping plaza in the area of town where the new store is to be located, so she decides to contact her uncle about leasing space in his plaza. lauren also contacted several other shopping plazas and malls, but her uncle’s store turned out to be the most economical place to lease. therefore, lauren recommended locating the new store in her uncle’s shopping plaza. in making her recommendation to management, she did not disclose that her uncle owns the shopping plaza. if management decided to go with lauren's uncle's plaza, what additional information would be needed in the financial statements?