Amortization of discount on bonds payable will make the amount of interest expense reported on the income statement less than the cash paid for that year.

Name: Amortization of discount on bonds payable will make the amount of interest expense reported on the income statement less than the cash paid for that year.
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Amortization of discount on bonds payable increases the interest expense reported on the income statement, making it greater than the cash paid for interest.

Amortization of Discount on Bonds Payable Will Make the Amount