The Financing Of Public Service Corporations

Paperback | February 3, 2012

byMilton Berge Ignatius

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1918. Excerpt: ... currently on capital projects and which they will later want to capitalize, have their accounts checked periodically by engineers or accountants for the Commission. § 207. (4) Appraisals to Supplement or Check Accounting Analyses If the accounting method will not determine satisfactorily the amount of capital expenditures paid out of income, nor permit segregation of those representing replacements from those representing additions to, or betterments of, capital, an approximation by an appraisal of the whole property can be made. The total money amcfunt developed by that appraisal, increased by the other assets on hand, will be compared with the outstanding liabilities; the excess of the assets over the liabilities will then represent the earnings retained in the enterprise against which stock or bonds may then be issued. The term "money amount" of the appraisal is used here because of the ambiguity of other terms; "value" or "cost" are the terms most often employed, but those who use them would be utterly at a loss to give a satisfactory definition of "value," while "cdst" may be original cost to the stockholders, or the amount which some investigator assumes should have been the cost to the corporation if it had not done certain things which it did do, or had done certain things which it did not do; or again, it may be "reproduction cost," which is neither cost nor value, nor even what it purports to be--the cost to reproduce--since the facts which might obtain as to reproduction are purely speculative. It is worth while to digress for a moment and to consider the ambiguity of terms, or the misapprehension concerning the nature of valuations and appraisals of public utility properties. Valuations are much talked of in these days. The Interstate Com...

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1918. Excerpt: ... currently on capital projects and which they will later want to capitalize, have their accounts checked periodically by engine...

Format:PaperbackDimensions:170 pages, 9.69 × 7.44 × 0.36 inPublished:February 3, 2012Publisher:General Books LLCLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0217940544

ISBN - 13:9780217940542

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