3. Which of the following statements is correct?

A. Amortization of discount on bonds payable results in a decrease in a bond's carrying (book) value.

B. Amortization of discount on bonds payable results in a decrease in bond interest expense.

C. Amortization of premium on bonds payable results in a decrease in a bond's carrying (book) value).

D. Amortization of premium on bonds payable results in an increase in bond interest expense.