Over the term of the bonds, the balance in the Discount on Bonds Payable account will

Question 30 options:

increase.

decrease.

fluctuate up and down if the market is volatile.

be unaffected until the bonds mature.

If there is a loss on bonds redeemed early, the

Question 29 options:

loss is debited directly to Retained Earnings.

loss is debited to Interest Expense, as a cost of financing.

bonds' carrying value was greater than the redemption price.

bonds' carrying value was less than the redemption price.