Question 41 Amortizing a bond discount: Decreases the Bonds Payable account. Allocates a part of the total discount to each interest period. Increases the market value of the Bonds Payable. Increases cash flows from the bond. Decreases interest expense each period. Previous Question 41 Amortizing a bond discount: Decreases the Bonds Payable account. Allocates a part of the total discount to each interest period. Increases the market value of the Bonds Payable. Increases cash flows from the bond. Decreases interest expense each period. Previous