If bonds have been issued at a discount over the life of the bonds the

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CThe carrying value of bonds issued at a discount increases over time as the discount is amortized and added to the bond's carrying value. The interest expense also increases if the discount is being amortized on a straight-line basis, because the amount of interest expense recognized includes both the actual interest payment and the amortization of the discount.

If Bonds Have Been Issued at a Discount Over the Life