Question: Amortizing a discount on a bonds payable will cause Discount on Bonds Payable and interest pense respectively to: A) increase and decrease. B) decrease and

Amortizing a discount on a bonds payable will cause Discount on Bonds Payable and interest pense respectively to: A) increase and decrease. B) decrease and increase. C) decrease and decrease. D) increase and increase. E) There is not enough information to answer the question.

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