Code of Federal Regulations · Section
§ 367.4280 — Account 428, Amortization Of Debt Discount And Expense
18 C.F.R. § 367.4280
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(a) This account must include the amortization of unamortized debt discount and expense on outstanding long-term debt. Amounts charged to this account must be credited concurrently to accounts 181, Unamortized debt expense (§ 367.1810), and 226, Unamortized discount on long-term debt—Debit (§ 367.2260).
(b) This account must be kept or supported so as to show the debt discount and expense on each class and series of long-term debt.
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