§367.4290. Account 429, Amortization of premium on debt—Credit.
18 C.F.R. § 367.4290
This account must include the amortization of unamortized net premium on outstanding long-term debt. Amounts credited to this account must be charged concurrently to account 225, Unamortized premium on long-term debt (§ 367.2250).
This account must be kept or supported so as to show the premium on each class and series of long-term debt.
This account must include the following items:
Loss relating to investments in securities written-off or written-down.
Loss on sale of investments.
Loss on reacquisition, resale or retirement of service company's debt securities.
Preliminary survey and investigation expenses related to abandoned projects, when not written-off to the appropriate operating expense account.
Notes, amendments, and revision history
Authority
Authority: 15 U.S.C. 717 et seq., 16 U.S.C. 791a et seq., and 42 U.S.C. 16451-16463.
Source
Source: Order 684, 71 FR 65226, Nov. 7, 2006, unless otherwise noted.