In footnote 10 on p. F-33, Cable One provides a breakdown of the components of the total interest expense on its Convertible Notes. How did the existence of $3,001 of Amortization of discount on its convertible "2026 Notes" during fiscal 2022 affect Cable One's financial statements? Group of answer choices Cash flows from operating activities were the unaffected; Net income was higher Cash flows from operating activities were the unaffected; Net income was lower Cash flows from operating activities were higher; Net income was unaffected Cash flows from operating activities were lower; Net income was unaffected Cash flows from operating activities were higher; Net income was lower Cash flows from operating activities were lower; Net income was higher Cash flows from operating activities were the unaffected; Net income was unaffected Cash flows from operating activities were higher; Net income was higher Cash flows from operating activities were lower; Net income was lower

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The amortization of discount on convertible notes represents a noncash expense as it reflec... View the full answer