Railroad Corporate Accounting During Federal Control
Railroad Corporate Accounting During Federal Control
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In our eReader you can find the full English version of the book. Read Railroad Corporate Accounting During Federal Control Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Railroad Corporate Accounting During Federal Control
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Take for example a carload shipment moving via the Baltimore and Ohio Railroad from Chicago to Baltimore, which reached Pittsburg in December, 1917, and lay there until, say January 10, 1918, when it moved out to desti- nation, the settlement being made on the "received" basis.
9 The Baltimore and Ohio Railroad included in its operating expenses, the cost of transporting that shipment from Chicago to Pittsburg, but never have, and according to the present attitude of the Railroad Administration..., never will receive a dollar for such transportation. An offset will result at the end of Federal control if a similar car is en route from Chicago to Baltimore, reaches Pittsburg just prior to the end of Fed- eral control, and lays there until after the end of Federal control, and then moves to destination after Federal con- trol, the revenue being taken into the accounts of the corpora- tion after Federal control. If a sufficient number of such cars move just prior to the end of Federal control, to produce the same lap-over revenue as that produced by delayed cars which moved just prior to the beginning of Federal control, there would be an offset, but considering the congestion that existed at the time the railroads were taken over, and that probably there will be no congestion at the end of Federal control, it is inconceivable that there will be anything like the number of such cars en route at the end of Federal control as at the beginning of Federal control.
What to read after Railroad Corporate Accounting During Federal Control?
You can find similar books in the "Read Also" column, or choose other free books by Frank Nay to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Take for example a carload shipment moving via the Baltimore and Ohio Railroad from Chicago to Baltimore, which reached Pittsburg in December, 1917, and lay there until, say January 10, 1918, when it moved out to desti- nation, the settlement being made on the "received" basis.
9 The Baltimore and Ohio Railroad included in its operating expenses, the cost of transporting that shipment from Chicago to Pittsburg, but never have, and according to the present attitude of the Railroad Administration..., never will receive a dollar for such transportation. An offset will result at the end of Federal control if a similar car is en route from Chicago to Baltimore, reaches Pittsburg just prior to the end of Fed- eral control, and lays there until after the end of Federal control, and then moves to destination after Federal con- trol, the revenue being taken into the accounts of the corpora- tion after Federal control. If a sufficient number of such cars move just prior to the end of Federal control, to produce the same lap-over revenue as that produced by delayed cars which moved just prior to the beginning of Federal control, there would be an offset, but considering the congestion that existed at the time the railroads were taken over, and that probably there will be no congestion at the end of Federal control, it is inconceivable that there will be anything like the number of such cars en route at the end of Federal control as at the beginning of Federal control.
What to read after Railroad Corporate Accounting During Federal Control?
You can find similar books in the "Read Also" column, or choose other free books by Frank Nay to read onlineMoreLess
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