How does a company account for the difference between interest expense and the cash payment of interest when bonds are issued at less than their face value? O A. The difference is accounted for using Bonds Payable OB. The difference is accounted for using Amortization of Bond Discount OC. The difference is accounted for using Amortization of Bond Premium. O D. In this situation the cash payment of interest will exceed interest expense The carrying amount of bonds issued at a discount is calculated by O A. subtracting Discount on Bonds Payable from Bonds Payable O B. subtracting the sum of Discount on Bonds Payable and Interest Payable from Bonds Payable OC. subtracting Interest Payable from Bonds Payable O D. subtracting Interest Expense from Bonds Payable When the discount on bonds payable is amortized, the carrying value of the bonds: O A. will increase OB. will decrease O C. will always remain unchanged OD. may increase or decrease depending on the face value of the bonds