Hey Guys,
Just a quick question I’m having a hard time finding an answer to. In CFAI Reading 19 Example 1, Question 1, I see that the income statement has interest income of only $13,500. I understand why the interest income will be only $13,500 due to the bond premium, but my question is does the income statement actually show interest income of $16,500 that you recieved and then the $3,000 amortization as well, or is it just shown as a single line item netted out?