Other Deductions from Income. Nature of deduction. Payments to The Rhode Island Co., in accordance with agree- Amount. $5,186.27 5,303.54 $10,489.81 The Connecticut Company, Street Rys. in State of Conn., Total net profit. $2,254,278.58 NOTE A- The above statement shows the actual amounts accrued on equipment loaned. In closing June account, however, it was necessary to use estimated figures, which necessitates above entries. Adjustment was made in July, 1910. NOTE B―This company pays only a proportion of the amount paid by the Grand Central Terminal for hire of equipment on wheelage basis which varies monthly, and the detailed analysis of which is not kept by this company. |