Objective Classification of Balance Sheet Elements

CFR · 2024-01-01 · US · Title 14

(a) Record here all general and working funds available on demand as of the date of the balance sheet which are not formally restricted or earmarked for specific objectives. Funds deposited for special purposes which are to be satisfied within one year shall be included in account 1100 Short-term Investments and funds restricted as to general availability, which are not offset by current liabilities, shall be included in account 1550 Special Funds. (b) Each air carrier shall subdivide this account in such manner that the balance can be readily segregated as between balances in United States currency and the balances in each foreign currency. (a) Record here the cost of short-term investments such as special deposits and United States Government securities, any other temporary cash investments, and the allowance for unrealized gain or loss on current marketable equity securities. (b) Special deposits for more than one year, not offset by current liabilities, shall not be included in this account but in account 1550 Special Funds. (c) This account should be charged or credited for discount or premium on United States Government securities or other securities which should be amortized to profit and loss account 80 Interest Income. (a) Record here current notes receivable including those from associated companies, company personnel, and all other sources. (b) Balances of notes payable to associated companies shall not be offset against amounts carried in this account. Balances wi

official document · source cfr-2024 · id 14:Section 6