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APPURTENANCES TO FLOATING WORK EQUIPMENT

(See $ 10.01-13.)
Anchors.
Floor coverings.

Oil cans.
Axes.
Flue cleaners.

Pumps.
Barometers.
Gangplanks.

Rakes.
Beds and bedding.
Hatchets.

Rigging.
Blocks and tackle.
Heating equipment.

Sails,
Boilers and foundations. Hoisting equipment.

Seats and chairs.
Cables.
Hooks.

Shovels.
China, crockery, and Keys.

Slice bars and pokers. glassware. Life preservers.

Steam distribution sysCompassés. Lighting equipment.

tems.
Cushions.
Linen.

Steering equipment.
Desks.
Lines.

Tool boxes.
Engines and foundations. Machinery and founda- Tools, miscellaneous.
Fire extinguishers.

tions.

Wrenches. Fire buckets.

Masts. te of

10.58 Miscellaneous equipment. This account shall include the cost of horses and harness; and cost of wagons, automobiles, and other highways vehicles.**

III. GENERAL EXPENDITURES

The primary accounts of this general account are designed to include expenditures made in connection with the acquisition and construction of original road and equipment, and with extensions, additions, and betterments to road and equipment property, when such expenditures can not properly be included in any of the foregoing accounts as a part of the cost of any specific work. When assignable, such expenditures shall be included in the cost of the property in connection with which the expenditures occur.

10.71 Organization expenses. This account shall include all fees paid to governments for the privilege of incorporation, and office and other expenditures incident to organizing the corporation and putting it in readiness to do business; cost of preparing and distributing prospectuses; cost of soliciting subscriptions for stock; cash fees paid to promoters, and the actual cash value (at the time of the organization) of securities paid to promoters for their services in organizing the enterprise ; special counsel fees; cost of preparing and issuing certificates of stock; cost of procuring the necessary certificates from State authorities; and other like costs.**

NOTE: Cost of soliciting for loans or for the sale of bonds or other evidences of indebtedness shall be charged to balance sheet account No. 725, “Discount on funded debt."

10.72 General officers and clerks. This account shall include the pay and expenses of executive and general officers and of general office clerks engaged exclusively in connection with the construction of new road and extensions.**

NOTE: The salaries and expenses of executive and general officers and of general office clerks engaged in connection with the conduct of commercial operations during the period before the regular operation of revenue trains shall be included in account No. 40, "Revenues and operating expenses during construction."

10.73 Law. This account shall include specific and distinct expenditures, not provided for elsewhere, for law service in connection

Page 98

*For statutory citation, see note to $ 10.00-1.

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with the acquisition of new road, road extensions, additions, and betterments, such as pay and expenses of counsel, solicitors, and attorneys, their clerks and attendants, and expenses of their offices.

ITEMS OF EXPENSE

(See $ 10.01–13.) Arbitrators' services in settlement of Legal forms. disputed questions.

Legal reports. Cost of taking depositions.

Notarial fees not provided for elsewhere. Cost of testimony.

Office expenses. Costs of suits.

Printing of briefs, testimony, etc. Court bonds.

Rent of offices. Court expenses.

Special fees. Express charges.

Telegraph service. Fees and retainers of attorneys not Telephone service. regularly employed.

Traveling expenses. Law books.

Witness fees not provided for elsewhere.

NOTE: Court costs and special counsel fees in connection with the acquisition of land for transportation operations shall be included in account No. 2, "Land for transportation purposes.'

10.74 Stationery and printing. This account shall include the cost of stationery, stationery supplies, postage, office devices, and printed matter used by any class of employees in connection with construction and not provided for elsewhere.

ITEMS OF STATIONERY AND PRINTING

(See $ 10.01–13.) Adding machines. Electric pens.

Paper clips, Addressographs and sup- Envelopes.

Paper cutters. plies.

Erasers, rubber and steel. Paper fasteners.
Arm rests.
Eyelet punches.

Paper files.
Binders.
Eyelets.

Paper weights.
Blank books.
File boxes.

Papyrographs.
Blotters.

Forms, blank and printed. Parchment paper,
Blotting paper.
Fuel tickets.

Pencil sharpeners.
Bristol board.
Glass pens.

Pencils for writing and Calculating machines. Hectographs.

drawing. Calendars. Indexes.

Penholders. Carbon paper.

Ink for writing and draw- Penracks. Cardboard,

ing.

Pens for writing and Cards, blank and printed. Inkstands.

drawing. Circulars. Invoice books.

Phonographs and records. Computing tables. Legal cap paper.

Pins.
Copy (impression) books. Letter paper.

Postage.
Copying brushes.
Manifold paper.

Punches (not conductors'
Copying presses.
Manifold pens.

or baggagemen's). Crayons. Mimeographs.

Rubber bands. Cross-section books. Mucilage.

Rubber stamps.
Cross-section paper. Mucilage brushes.

Rulers.
Cyclostyles.
Neostyles.

Ruling pens.
Dating stamps and rib- Note paper.

Scrapbooks.
bons.
Notices.

Sealing wax.
Dictaphones.
Numbering stamps.

Seals.
Dictographs.
Oil paper.

Shears.
Drawing paper.
Paper.

Shipping tags.
Duplicators
Paper baskets.

Shorthand notebooks.

*For statutory citation, see note to g 10.00_1.

Page 99 Page 100

$ 10.76

TITLE 49-TRANSPORTATION AND RAILROADS

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Sponge cups.
Time-tables.

Wastebaskets.
Sponges.

Tissue (impression) pa- Water colors. Stamps, impression.

per.

Water holders.
Stylographs.
Tracing cloth.

Waybills.
Tablets, blank and Tracing paper.

Wrapping paper. printed. Twine.

Wringers for copying Таре.

Tyepwriters and ribbons. presses. Telegraph blanks.

Wage tables. **

NOTE A: The cost of printing bonds, etc., in connection with the carrier's funded debt shall be included in balance-sheet account No. 725, "Discount on funded debt.”

NOTE B: The cost of stationery and printing, when assignable, shall be included in the cost of the property in connection with the acquirement or construction of which the expenditure occurs.

10.75 Taxes. This account shall include State, county, township, city, school, road, annual franchise, and all other taxes and assessments levied and paid on property belonging to the carrier during construction and before the facilities are used for commercial operations, except special assessments for street and other improvements chargeable to account No. 39, “Public improvements—Construction.”** [As amended Dec. 27, 1935]

NOTE: Taxes during construction, when assignable, shall be included in the cost of the property acquired or constructed.

10.76 Interest during construction. When any bonds, notes, or other evidences of indebtedness are sold, or any interest-bearing debt is incurred for acquisition and construction of original road and equipment, extensions, additions, and betterments, the interest accruing on the part of the debt representing the cost of property chargeable to road and equipment accounts (less interest, if any, allowed by depositaries on unexpended balances) after such funds become available for use and before the receipt or the completion or coming into service of the property so acquired shall be charged to this account.

When such securities are sold at a premium the proportion of such premium assignable to the time between the date of the actual issuance of the securities and the time when the property acquired or the improvement made becomes available for service shall be credited to this account.

This account shall also include such proportion of the discount and expense on funded debt issued for the acquisition of original road, original equipment, road extensions, additions, and betterments, as is equitably assignable to the period between the date of the actual issuance of securities and the time when the property acquired or the improvement made becomes available for the service for which it is intended. The proportion of discount and expense thus chargeable shall be determined by the ratio between the period prior to the completion or coming into service of the facilities or improvements acquired and the period of the entire life of the securities issued.

This account shall also include reasonable charges for interest, during the construction period before the property becomes available for service on the carrier's own funds expended for construction purposes. +

*For statutory citation, se note to $ 10.00-1. *For statutory citation, see note to $ 10.00-1.

NOTE A: Interest on bonds, notes, or other evidences of indebtedness accruing before the proceeds from the sale of the securities become available for use shall not be included in this account, nor shall there be included any interest accruing after the property with respect to which the proceeds are expended is received or becomes available for use in connection with commercial service.

NOTE B: If any securities which have been issued or assumed by the carrier are sold or exchanged by or for the carrier for a consideration the actual money value of which at the time of such sale or exchange is less than the value of the securities at par and the accrued interest thereon, if any, the difference between the money value of the consideration received and the par value of the securities plus the accrued interest shall be deemed a discount. In no case (except as provided in the third and fourth paragraphs of this account) shall discounts be included as part of the cost of anything charged to any account prescribed in this classification.

NOTE C: For definition of securities actually issued, see Note B, under general balance-sheet account 755, "Funded debt unmatured."

NOTE D: Whenever interest, premium, or discount assignable to the construction period is incurred in connection with an expenditure covered by some specific road and equipment account or accounts, such interest, premium, or discount shall be charged directly to the specific accounts to which it is related.

10.77 Other expenditures-General. This account shall include all expenditures of a special and incidental nature in connection with the acquisition and construction of original road and equipment, road extensions, additions, and betterments which can not properly be included in any other account in this classification.**

SUBPART B-CLASSIFICATION OF OPERATING REVENUES AND OPERATING

EXPENSES

INTRODUCTION

10.00–3 Order of the Commission. It is ordered that (a) The Classification of Operating Revenues and Operating Expenses of Steam Roads and the text pertaining thereto, embodied in printed form to be hereafter known as Issue of 1914, a copy of which is now before this Commission, be, and is hereby, approved; a copy thereof duly authenticated by the Secretary of the Commission be filed in its archives, and a second copy thereof, in like manner authenticated, in the office of the Division of Carriers' Accounts; and each of said copies so authenticated and filed shall be deemed an original record thereof.

(b) The said Classification of Operating Revenues and Operating Expenses of Steam Roads, with the text pertaining thereto, be, and is hereby, prescribed for the use of carriers by rail (exclusive of electric railways) subject to the provisions of the Act to Regulate Commerce as amended, in the keeping and recording of their operating revenue and operating expense accounts; each and every such carrier and each and every receiver or operating trustee of any such carrier be required to keep all operating revenue and operating expense accounts in conformity therewith; and a copy of the said issue be sent to each and every such carrier and to each and every receiver or operating trustee of any such carrier.

Page 101 See Accounting Bulletin No. 15.

(c) Any such carrier or any receiver or operating trustee of any such carrier may subdivide any primary account established in the said issue or may make assignment of the amount credited or charged to any such primary account to operating divisions, to its individual lines, or to States; Provided, however, That such subprimary accounts set up or such assignments made by any such carrier or by any receiver or operating trustee of any such carrier do not impair the integrity of the accounts hereby prescribed: that a list of such subprimary accounts set up or such assignments made be first filed in the office of the Division of Carriers' Accounts, subject to disapproval by the Commission.

(d) In order that the basis of comparison with previous years be not destroyed, any such carrier or any receiver or operating trustee of any such carrier may, during the 12 months from the time that the said issue becomes effective, keep and maintain, in addition to the operating revenue and operating expense accounts hereby prescribed, such portion or portions of its present accounts with respect to operating revenue and operating expense items as may be deemed desirable by any such carrier or by any receiver or operating trustee thereof, for the purpose of such comparison; or, during the same period, may maintain such groupings of the primary accounts hereby prescribed as may be desired for that purpose.

(e) Unless otherwise ordered, any such carrier or any receiver or operating trustee of any such carrier may keep any temporary or experimental accounts for revenues or expenses, the purpose of which shall be to develop the efficiency of operations: Provided, however, That such temporary or experimental accounts shall not impair the integrity of any general or primary account hereby prescribed.

(f) July 1, 1914 is hereby fixed as the date on which the said issue of the Classification of Operating Revenues and Operating Expenses of Steam Roads shall become effective.* [Order adopting Classification of operating revenues and operating expenses of steam roads, ICC, May 19, 1914]

10.00-4 Introductory letter to accounting officers of steam railways. (a) This Classification of Operating Revenues and Operating Expenses supersedes the Classification of Operating Revenues. First Issue, effective July 1, 1907, and the Supplement thereto, effective July 1, 1908; the Classification of Operating Expenses, Third Revised Issue, effective July 1, 1907, and the Supplement thereto, effective July 1, 1908; and the Classification of Revenues and Expenses for Outside Operations, First Issue, effective July 1, 1908. It also supersedes conflicting instructions contained in Accounting Bulletin No. 8.11

(b) Accounts are provided in this classification for the revenues and expenses of operations which heretofore have been classed as auxiliary or outside operations. The purpose in merging these accounts has been to secure a statement of revenues and expenses in connection with the operation of all physical property the cost of

*For statutory citation

Page 102

see note to 8 10.00_1.

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