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Exercise 14-8 Allocation of interest for bonds sold at a discount LOS Huskey Mining Corporation issued bonds with a par value of $94,000 on
Exercise 14-8 Allocation of interest for bonds sold at a discount LOS Huskey Mining Corporation issued bonds with a par value of $94,000 on January 1, 2020. The annual contract rate on the bonds is 10.00%, and the interest is paid semiannually. The bonds mature after three years. The annual market interest rate at the date of issuance was 12.00%, and the bonds were sold for $89,378. 45 a. What is the amount of the original discount on these bonds? Discount b. How much total bond interest expense will be recognized over the life of these bonds? (Do not round intermediate calculations. Round the final answer to the nearest whole dollar.) Tobal erect expence bod of allocation the interest and amortizing the submi Check my work
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