Classification of Income And Profit And Loss Accounts for Carriers By Water

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plants not operated in connection Lands and other property acquired and with transportation service.
held in anticipation of future use.
706. INVESTMENTS IN AFFILIATED COMPANIES.
This account shall include the ledger value of the accounting company's Investment advances to affiliated companies, also of its investment in secu- rities issued or assumed by such companies, such securities not being held in special deposits or in special funds.
This account shall be subdivided : (a) Stocks.
(B) Bond
...s.
(e) Notes, including herein not only notes that run longer than one year and all notes of affiliated companies held as investments, but also notes payable on demand or within one year from the date of issue when it is mutually understood and intended that the notes shall not be enforced as current assets.
(d) Advances.
The accounting company's record shall be kept in such manner that the ledger value of securities pledged as collateral security for any of the ac- counting company's funded debt or short-term loans and the ledger value of securities unpledged may be shown separately in the annual report to the Commission.


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