Amortization of Bond Discount or Premium and Income Statement

CFA Level I FRA
#1
  • Is the Amortization of Bond Discount or Premium ever shown as a separate line items on the income statement?
  • Or, It is always aggregated as the Interest Expense?
  • If interest expense is ever show as two components: Coupon and Amortization can you give me a link to an example?

Thanks

xibmaverick

#2

This is typically included with interest expense. Always is a strong word so it may happen but it’s not common. It is usually broken out on the cash flow statement so you can typically identify it there. Here is a real-life example:

https://www.sec.gov/Archives/edgar/data/1451505/000145150515000029/form10_k2014.htm