Penn Central Transportation Company: Adequacy of Investor Protection, Hearing Before the Special Subcommittee on Investigations ... 91-2, September 24, 19701971 - 244 pages |
From inside the book
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Page 146
... Guideline Lives and Invest- ment Tax Credit ( copy enclosed ) . For reasons stated therein it concluded no change in the accounting rules was necessary and affirmed its policy statement set forth in the Notice of February 9 , 1959 . In ...
... Guideline Lives and Invest- ment Tax Credit ( copy enclosed ) . For reasons stated therein it concluded no change in the accounting rules was necessary and affirmed its policy statement set forth in the Notice of February 9 , 1959 . In ...
Page 155
... GUIDELINE LIVES AND INVESTMENT TAX CREDIT Decided February 1 , 1963 In the application of uniform systems of ... guideline lives and investment tax credit , found to be not necessary . Appropriate order entered . REPORT OF THE COMMISSION ...
... GUIDELINE LIVES AND INVESTMENT TAX CREDIT Decided February 1 , 1963 In the application of uniform systems of ... guideline lives and investment tax credit , found to be not necessary . Appropriate order entered . REPORT OF THE COMMISSION ...
Page 156
... guideline lives so authorized may be used by taxpayers for three years without being questioned by Internal Revenue Service , regardless of the taxpayers ' past experience with respect to life - of - service performance in replacing ...
... guideline lives so authorized may be used by taxpayers for three years without being questioned by Internal Revenue Service , regardless of the taxpayers ' past experience with respect to life - of - service performance in replacing ...
Page 157
... guideline lives , or by regarding the invest- ment tax credit as a reduction in the cost of property and the depreciation base . Carriers in the several modes of transportation , public accountants , and others filed responses in this ...
... guideline lives , or by regarding the invest- ment tax credit as a reduction in the cost of property and the depreciation base . Carriers in the several modes of transportation , public accountants , and others filed responses in this ...
Page 158
... guideline lives and investment tax credit are just as real as though statutory tax rates were decreased . The question presented in this proceeding with respect to accounting for the tax effect of tax - depreciation guideline lives and ...
... guideline lives and investment tax credit are just as real as though statutory tax rates were decreased . The question presented in this proceeding with respect to accounting for the tax effect of tax - depreciation guideline lives and ...
Common terms and phrases
accepted accounting principles acquire control acquisition affiliated Alleghany Corporation Alleghany's amended amount application approval assets authorized capital stock carrier subject certified Chairman Staggers Committee common stock company subject copy Corp debentures DINGELL Erie Exchange Commission Federal income taxes filed Finance Docket financial statements guideline lives Hamer H holding companies Interstate and Foreign Interstate Commerce Act Interstate Commerce Commission Investment Company Act investors issuance issuer Item Jones Motor Company jurisdiction KAHN Kirby liability LISHMAN MACDONALD MATTRAS ment merger motor carrier operating rights outstanding PAOLO Penn Central Company Penn Central stock Penn Central Transportation Pennsylvania Co Pennsylvania Company percent person POLLACK preferred stock proposed prospectus public interest Railroad Company registration statement request rules section 5(2 Securities and Exchange shares SMITH stockholders Subcommittee subject to regulation subsidiaries thereof tion trading transaction trust underwriter Wabash Railroad Washington York Stock Exchange
Popular passages
Page 2 - House shall exercise continuous watchfulness of the execution by the administrative agencies concerned of any laws, the subject matter of which is within the jurisdiction of such committee; and, for that purpose, shall study all pertinent reports and data submitted to the House by the agencies in the executive branch of the Government.
Page 224 - ... to acquire control of another through ownership of its stock or otherwise; or for a person which is not a carrier to acquire control of two or more carriers through ownership of their stock or otherwise; or for a person which is not a carrier and which has control of one or more carriers to acquire control of another carrier through ownership of its stock or otherwise...
Page 12 - ... did not know, and in the exercise of reasonable care could not have known, of such untruth or omission...
Page 90 - ... actual as well as legal control, whether maintained or exercised through or by reason of the method of or circumstances surrounding organization or operation, through or by common directors, officers or stockholders, a voting trust or trusts, a holdIng or Investment company or companies, or through or by any other direct or Indirect means; and to Include the power to exercise control.
Page 10 - ... he had, after reasonable investigation, reasonable ground to believe and did believe, at the time such part of the registration statement became effective, that the statements therein were true and that there was no omission to state a material fact required to be stated therein or necessary to make the statements therein not misleading...
Page 33 - investment company" means any issuer which — (1) is or holds itself out as being engaged primarily, or proposes to engage primarily, in the business of investing, reinvesting, or trading in securities...
Page 170 - ... directly or indirectly, the beneficial owner of 10 percent or more of any class of equity securities, (2) any trust or other estate in which such person has a substantial beneficial interest or as to which such person serves as trustee or in a similar...
Page 12 - It shall be unlawful for any person in the sale of any securities by the use of any means or instruments of transportation or communication in interstate commerce or by the use of the mails, directly or indirectly — (1) to employ any device, scheme, or artifice to defraud, or (2) to obtain money or property by means of any untrue statement of a material fact, or any omission to state a material fact...
Page 98 - ... from the operation of the antitrust laws and of all other restraints, limitations, and prohibitions of law, Federal, State, or municipal, insofar as may be necessary to enable them to carry into effect the transaction so approved...
Page 12 - ... (unless it is proved that at the time of such acquisition he knew of such untruth or omission) may, either at law or in equity, in any court of competent jurisdiction...