Code of Federal Regulations Title 49. Transportation 49 CFR § 1201.550 550 Income transferred under contracts and agreements
Current as of October 02, 2022 | Updated by FindLaw Staff
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(a) This account shall include the whole or any portion of the income of the accounting company payable to another company under the terms of agreements or contracts without obligation for reimbursement.
(b) In determining the amount payable by the accounting company, consideration shall be given not only to operating revenues and operating expenses, but also to other items of income or deduction which affect that amount.
Note A: The amount receivable by the other company shall be credited by it to account 512, “Separately operated properties—Profit.”
Note B: Dividends or other payments upon securities issued or assumed by the accounting company shall not be included in this account.
Cite this article: FindLaw.com - Code of Federal Regulations Title 49. Transportation 49 CFR § 1201.550 550 Income transferred under contracts and agreements - last updated October 02, 2022 | https://codes.findlaw.com/cfr/title-49-transportation/cfr-sect-49-1201-550.html
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