Code of Federal Regulations · Section
§ 367.4211 — Account 421.1, Gain On Disposition Of Property
18 C.F.R. § 367.4211
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This account must be credited with the gain on the sale, conveyance, exchange, or transfer of service or other property to another. Income taxes on gains recorded in this account must be recorded in account 409.2, Income taxes, other income and deductions (§ 367.4092).
Authorizing Statute
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Regulation of natural gas companies15 U.S.C. § 717
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Short title16 U.S.C. § 791a