Code of Federal Regulations · Section
§ 367.4212 — Account 421.2, Loss On Disposition Of Property
18 C.F.R. § 367.4212
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This account must be charged with the loss on the sale, conveyance, exchange or transfer of service or other property to another. The reduction in income taxes relating to losses 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