Which of the following statements is true as it relates to liabilities? 1. A decrease in the discount rate applied to a bond after it is issued will result in the bond issuer recording a higher amount in the bond payable account II. The issuance of bonds will always cause an increase in a company's debt to equity ratio. III. If a company believes the likelihood of having to pay a contingent liability is remote, it does not record the liability on its balance sheet nor disclose it in its footnotes, regardless of how big the contingent liability is. all of the statements are true II and III I and