When the year-end accrual of interest and amortization of discount is recorded, the carrying value of Bonds Payable on the balance sheet will increase True O A. as the balance in the discount account increases (as it amortized), the carrying value of the bonds decreases. B. as the balance in the discount account decreases (as it is amortized), the carrying value of the bonds decreases. OC. as the balance in the discount account increases (as it is amortized), the carrying value of the bonds increases. OD. as the balance in the discount account decreases (as it is amortized), the carrying value of the bonds increases 6 The avertization of the discount on a bond payable results in additional interest expense recorded over the life of the bond True On the court is amortized to interest expense over the life of the bond, the discount is actually additional interest expense that has to be paid becaus bond's contract rate was less than the market rate on the bond issue date OB. the discount is amortized to interest expense over the life of bond, the discount is actually additional interest expense that has to be paid because bond's contract rate was more than the market rate on the bond issue date OC. the discount is amortized to interest expense over the life of the bond, but the discount actually decreases the interest expense that has to be paid b the band's contract rate was more than the market rate on the bond issue date OD. the discount is amortized to interest expense over the life of the bond, but the discount actually decreases the interest expense that has to be paid be the band's contract rate was less than the market rate on the bond issue date