For a company that needs to borrow the same amount of cash, which of the following statements about the relative impact of issuing interest-bearing debt and zero-coupon bonds on the financial statements is (are) true?
　　　　　　　　　　　　　Zero coupon bonds　　　Interest-bearing debt

A.Cash flow from operations　　　　Higher　　　　　　　　LowerII. Cash flow from financing　　　　Higher　　　　　　　　LowerIII. Balance sheet liability　　　　　Higher　　　　　　　　Lower

B.II only.

C.I and II only.

D.I and III only.