Chapter 10 QUZ wiz Which of the following statements about the issuance of bonds at a discount is not correct? Multiple Choice 0 The contra lability account, Discount on Bonds Payable, is amortized each year by shifting part of its balance to interest expense. o As the current date approaches the maturity date, the carrying value of the bond approaches the face value of the bond 0 O At the date of issuance, the market interest rate was higher than the stated interest rate 0 C ) The account used to record the discount is a normal credite balance account. 0 MacBook Air ODOTTO