Which of the following statements are not correct regarding bonds sold at a discount?
A.The carrying amount gets larger each year.
B.The Discount on Bonds Payable account gets smaller each year.
C.At maturity, the face value and carrying value will be equal.
D.The balance of Bonds Payable account will get larger each year.
E.At maturity, the balance of the Discount on Bonds Payable will be zero.
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