GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Oil Pipeline Uniform Accounting Regulations — (a)
This account shall include (a) the unexpended balances of funds deposited specifically for the payment of dividends, interest and other current liabilities; and (b) other deposits subject to current withdrawal for specific purposes only, including amounts deposited with airlines, utilities, or unemployment insurance commissions.
Oil Pipeline Uniform Accounting Regulations — (a)
(a) the unexpended balances of funds deposited specifically for the payment of dividends, interest and other current liabilities; and
Oil Pipeline Uniform Accounting Regulations — (b)
(b) other deposits subject to current withdrawal for specific purposes only, including amounts deposited with airlines, utilities, or unemployment insurance commissions.
Oil Pipeline Uniform Accounting Regulations — 4
4 Accounts Receivable — Trade This account shall include amounts receivable for the transportation, storage and delivery of oil, exclusive of such amounts receivable from affiliated companies.
Oil Pipeline Uniform Accounting Regulations — Oil Pipeline Uniform Accounting Regulations
This account shall include amounts receivable for the transportation, storage and delivery of oil, exclusive of such amounts receivable from affiliated companies.
Oil Pipeline Uniform Accounting Regulations — 5
5 Accounts Receivable — Other This account shall include the following items when the amounts involved are considered collectable: (a) advances to officers, employees and agents as working funds; (b) amounts due from corporations, firms and individuals; (c) the book value of notes receivable or other similar evidence of money receivable, due within one year from the date of issue; and (d) other similar items. ( See Regulations, section 75).
Oil Pipeline Uniform Accounting Regulations — (a)
This account shall include the following items when the amounts involved are considered collectable: (a) advances to officers, employees and agents as working funds; (b) amounts due from corporations, firms and individuals; (c) the book value of notes receivable or other similar evidence of money receivable, due within one year from the date of issue; and (d) other similar items.
Oil Pipeline Uniform Accounting Regulations — (a)
(a) advances to officers, employees and agents as working funds;
Oil Pipeline Uniform Accounting Regulations — (b)
(b) amounts due from corporations, firms and individuals;
Oil Pipeline Uniform Accounting Regulations — (c)
(c) the book value of notes receivable or other similar evidence of money receivable, due within one year from the date of issue; and
Oil Pipeline Uniform Accounting Regulations — 6
6 Accounts Receivable — Affiliated Companies (1) This account shall include all amounts due from affiliated companies, such as trade accounts, dividends and interest, where such amounts are subject to settlement within one year from the date of the balance sheet. ( See Regulations, section 80). (2) This account shall be maintained in a manner that will enable information on receivables from each affiliated company to be submitted under the following headings: (a) secured obligations; (b) unsecured notes; (c) advances; (d) debit balances in open accounts; (e) interest accrued on any of the above when such interest is subject to current settlement; and (f) miscellaneous receivables.
Oil Pipeline Uniform Accounting Regulations — (1)
(1) This account shall include all amounts due from affiliated companies, such as trade accounts, dividends and interest, where such amounts are subject to settlement within one year from the date of the balance sheet. ( See Regulations, section 80).
Oil Pipeline Uniform Accounting Regulations — (2)
(2) This account shall be maintained in a manner that will enable information on receivables from each affiliated company to be submitted under the following headings: (a) secured obligations; (b) unsecured notes; (c) advances; (d) debit balances in open accounts; (e) interest accrued on any of the above when such interest is subject to current settlement; and (f) miscellaneous receivables.
Oil Pipeline Uniform Accounting Regulations — (e)
(e) interest accrued on any of the above when such interest is subject to current settlement; and
Oil Pipeline Uniform Accounting Regulations — 7
7 Interest and Dividends Receivable (1) This account shall include the amount of interest accrued to the date of the balance sheet on (a) bonds owned, (b) loans made, and (c) the amount of dividends declared on stocks owned, except where the interest or dividend receivable is from an affiliated company. (2) No dividends or other returns on securities issued or assumed by the accounting company shall be included in this account.
Oil Pipeline Uniform Accounting Regulations — (1)
(1) This account shall include the amount of interest accrued to the date of the balance sheet on (a) bonds owned, (b) loans made, and (c) the amount of dividends declared on stocks owned, except where the interest or dividend receivable is from an affiliated company.
Oil Pipeline Uniform Accounting Regulations — (c)
(c) the amount of dividends declared on stocks owned,
Oil Pipeline Uniform Accounting Regulations — Oil Pipeline Uniform Accounting Regulations
except where the interest or dividend receivable is from an affiliated company.
Oil Pipeline Uniform Accounting Regulations — (2)
(2) No dividends or other returns on securities issued or assumed by the accounting company shall be included in this account.
Oil Pipeline Uniform Accounting Regulations — 8
8 Materials and Supplies (1) This account shall include the cost of materials purchased primarily for use in construction, operations or maintenance such as shop material, articles in process of fabrication by the accounting company, spare parts, fittings, valves, appliances, line pipe and other supplies, but shall not include the cost of materials referred to in account 39 (Transportation Plant Under Construction). (2) Materials and supplies purchased shall be debited to this account at their actual costs at the point of free delivery plus transportation costs, ad valorem taxes and any other relevant costs and in determining the cost of materials and supplies, allowance shall be made for all discounts allowed in their purchase. (3) Materials and supplies issued shall be credited to this account and concurrently debited to the appropriate construction, operating or maintenance expense account on the basis of a unit price determined by the use of cumulative average, first in — first out, or such other method of inventory accounting as conforms with accepted accounting practices consistently applied. (4) Materials recovered in connection with construction, maintenance work or the replacement or demolition of plant shall be debited to this account at their original cost, estimated if not known, less a fair allowance for depreciation, and concurrently credited to the appropriate construction, maintenance or accumulated depreciation account. (5) Where salvaged material is sold at a higher or lower price than that at which it is included in this account, an appropriate adjustment shall be made in the accounts which were credited when the material was recovered.
Oil Pipeline Uniform Accounting Regulations — (1)
(1) This account shall include the cost of materials purchased primarily for use in construction, operations or maintenance such as shop material, articles in process of fabrication by the accounting company, spare parts, fittings, valves, appliances, line pipe and other supplies, but shall not include the cost of materials referred to in account 39 (Transportation Plant Under Construction).
Oil Pipeline Uniform Accounting Regulations — (2)
(2) Materials and supplies purchased shall be debited to this account at their actual costs at the point of free delivery plus transportation costs, ad valorem taxes and any other relevant costs and in determining the cost of materials and supplies, allowance shall be made for all discounts allowed in their purchase.
Oil Pipeline Uniform Accounting Regulations — (3)
(3) Materials and supplies issued shall be credited to this account and concurrently debited to the appropriate construction, operating or maintenance expense account on the basis of a unit price determined by the use of cumulative average, first in — first out, or such other method of inventory accounting as conforms with accepted accounting practices consistently applied.
Oil Pipeline Uniform Accounting Regulations — (4)
(4) Materials recovered in connection with construction, maintenance work or the replacement or demolition of plant shall be debited to this account at their original cost, estimated if not known, less a fair allowance for depreciation, and concurrently credited to the appropriate construction, maintenance or accumulated depreciation account.
Oil Pipeline Uniform Accounting Regulations — (5)
(5) Where salvaged material is sold at a higher or lower price than that at which it is included in this account, an appropriate adjustment shall be made in the accounts which were credited when the material was recovered.
Oil Pipeline Uniform Accounting Regulations — 9
9 Oil Inventory (1) This account shall include the balances representing the value of oil owned by the company other than the value of oil used to maintain lines and storage tanks in condition for the transportation of commercial oil. (2) The oil stock referred to in subsection (1) shall be valued at not more than its market value at point of delivery at the balance sheet date. ( See Regulations, sections 81 and 82).
Oil Pipeline Uniform Accounting Regulations — (1)
(1) This account shall include the balances representing the value of oil owned by the company other than the value of oil used to maintain lines and storage tanks in condition for the transportation of commercial oil.
Oil Pipeline Uniform Accounting Regulations — (2)
(2) The oil stock referred to in subsection (1) shall be valued at not more than its market value at point of delivery at the balance sheet date. ( See Regulations, sections 81 and 82).
Oil Pipeline Uniform Accounting Regulations — 12
12 Other Current Assets This account shall include current assets not provided for in other accounts under the Regulations.
Oil Pipeline Uniform Accounting Regulations — Oil Pipeline Uniform Accounting Regulations
This account shall include current assets not provided for in other accounts under the Regulations.
Oil Pipeline Uniform Accounting Regulations — 15
15 Prepaid Expenses (1) Expenses paid in advance by the accounting company to cover any future period of time shall be entered in this account until subsequently debited to appropriate accounts. (2) The prepaid expense account shall be maintained so as to disclose the amount of each class of expenditure.
Oil Pipeline Uniform Accounting Regulations — (1)
(1) Expenses paid in advance by the accounting company to cover any future period of time shall be entered in this account until subsequently debited to appropriate accounts.
Oil Pipeline Uniform Accounting Regulations — (2)
(2) The prepaid expense account shall be maintained so as to disclose the amount of each class of expenditure.
Oil Pipeline Uniform Accounting Regulations — 20
20 Investments in Affiliated Companies (1) This account shall include the cost of the company’s investment in securities issued or assumed by affiliated companies and investment advances made to affiliated companies. ( See Regulations, sections 63, 66, 67 and 68). (2) This account shall be maintained in a manner that will enable information on the investment in each affiliated company to be submitted under the following headings: (a) stocks; (b) bonds and debentures; (c) other secured obligations; (d) unsecured notes; (e) investment advances; (f) interest accrued on any of the above when the interest is not subject to current settlement; and (g) miscellaneous investments. (3) Where any security referred to in subsection (2) is pledged, a complete record thereof shall be maintained.
Oil Pipeline Uniform Accounting Regulations — (1)
(1) This account shall include the cost of the company’s investment in securities issued or assumed by affiliated companies and investment advances made to affiliated companies. ( See Regulations, sections 63, 66, 67 and 68).
Oil Pipeline Uniform Accounting Regulations — (2)
(2) This account shall be maintained in a manner that will enable information on the investment in each affiliated company to be submitted under the following headings: (a) stocks; (b) bonds and debentures; (c) other secured obligations; (d) unsecured notes; (e) investment advances; (f) interest accrued on any of the above when the interest is not subject to current settlement; and (g) miscellaneous investments.
Oil Pipeline Uniform Accounting Regulations — (f)
(f) interest accrued on any of the above when the interest is not subject to current settlement; and
Oil Pipeline Uniform Accounting Regulations — (3)
(3) Where any security referred to in subsection (2) is pledged, a complete record thereof shall be maintained.
Oil Pipeline Uniform Accounting Regulations — 21
21 Other Investments (1) This account shall include (a) the cost of the company’s investment in securities issued or assumed by non-affiliated companies, other than securities held in special deposits or special funds; and (b) investment advances made to non-affiliated companies and individuals. ( See Regulations, sections 63, 66 and 67). (2) This account shall be maintained in a manner that will enable information on the investment in each non-affiliated company to be submitted under the following headings: (a) stocks; (b) bonds and debentures; (c) other secured obligations; (d) unsecured notes; (e) investment advances; (f) interest accrued on any of the above when interest is not subject to current settlement; and (g) miscellaneous investments. (3) Where any security referred to in subsection (2) is pledged, a complete record thereof shall be maintained.
Oil Pipeline Uniform Accounting Regulations — (1)
(1) This account shall include (a) the cost of the company’s investment in securities issued or assumed by non-affiliated companies, other than securities held in special deposits or special funds; and (b) investment advances made to non-affiliated companies and individuals. ( See Regulations, sections 63, 66 and 67).
Oil Pipeline Uniform Accounting Regulations — (a)
(a) the cost of the company’s investment in securities issued or assumed by non-affiliated companies, other than securities held in special deposits or special funds; and
Oil Pipeline Uniform Accounting Regulations — (b)
(b) investment advances made to non-affiliated companies and individuals. ( See Regulations, sections 63, 66 and 67).
Oil Pipeline Uniform Accounting Regulations — (2)
(2) This account shall be maintained in a manner that will enable information on the investment in each non-affiliated company to be submitted under the following headings: (a) stocks; (b) bonds and debentures; (c) other secured obligations; (d) unsecured notes; (e) investment advances; (f) interest accrued on any of the above when interest is not subject to current settlement; and (g) miscellaneous investments.
Oil Pipeline Uniform Accounting Regulations — (f)
(f) interest accrued on any of the above when interest is not subject to current settlement; and
Oil Pipeline Uniform Accounting Regulations — 22
22 Sinking Funds (1) This account shall include cash and the cost of securities and other assets that (a) have been segregated in distinct funds; (b) are for the purpose of providing resources for the redemption of debt or capital stock; and (c) are held by trustees or by the company’s treasurer. (2) A separate account shall be kept for the sinking funds applicable to each class of debt or capital stock issue. (3) An appropriate record shall be maintained for securities issued or assumed by the company and held in sinking funds. ( See Regulations, section 62).
Oil Pipeline Uniform Accounting Regulations — (1)
(1) This account shall include cash and the cost of securities and other assets that (a) have been segregated in distinct funds; (b) are for the purpose of providing resources for the redemption of debt or capital stock; and (c) are held by trustees or by the company’s treasurer.
Oil Pipeline Uniform Accounting Regulations — (a)
(a) have been segregated in distinct funds;
Oil Pipeline Uniform Accounting Regulations — (b)
(b) are for the purpose of providing resources for the redemption of debt or capital stock; and
Oil Pipeline Uniform Accounting Regulations — (c)
(c) are held by trustees or by the company’s treasurer.
Oil Pipeline Uniform Accounting Regulations — (2)
(2) A separate account shall be kept for the sinking funds applicable to each class of debt or capital stock issue.
Oil Pipeline Uniform Accounting Regulations — (3)
(3) An appropriate record shall be maintained for securities issued or assumed by the company and held in sinking funds. ( See Regulations, section 62).
Oil Pipeline Uniform Accounting Regulations — 23
23 Miscellaneous Special Funds (1) This account shall include cash and the cost of securities and other assets that are held by trustees, managers or the company’s treasurer and that have been segregated in funds for insurance, employees’ pensions, savings, relief, hospital and other purposes not provided for in other accounts under the Regulations. (2) A separate account shall be kept for each fund. (3) This account shall not include funds that the company holds solely as trustee and in which it has no beneficial interest. ( See Regulations, section 62).
Oil Pipeline Uniform Accounting Regulations — (1)
(1) This account shall include cash and the cost of securities and other assets that are held by trustees, managers or the company’s treasurer and that have been segregated in funds for insurance, employees’ pensions, savings, relief, hospital and other purposes not provided for in other accounts under the Regulations.
Oil Pipeline Uniform Accounting Regulations — (2)
(2) A separate account shall be kept for each fund.
Oil Pipeline Uniform Accounting Regulations — (3)
(3) This account shall not include funds that the company holds solely as trustee and in which it has no beneficial interest. ( See Regulations, section 62).
Oil Pipeline Uniform Accounting Regulations — 24
24 Company Long Term Debt Owned (1) This account shall include the par value of long term debt actually issued or assumed by a company and reacquired by it and not retired or cancelled, but shall not include long term debt held in sinking funds or miscellaneous special funds. ( See Regulations, section 74). (2) Where the long term debt referred to in subsection (1) is to be repaid in a foreign currency, for the purposes of that subsection par value means the par value in the foreign currency converted to the Canadian dollar equivalent. (3) This account shall show (a) total par value unpledged; and (b) total par value pledged.
Oil Pipeline Uniform Accounting Regulations — (1)
(1) This account shall include the par value of long term debt actually issued or assumed by a company and reacquired by it and not retired or cancelled, but shall not include long term debt held in sinking funds or miscellaneous special funds. ( See Regulations, section 74).
Oil Pipeline Uniform Accounting Regulations — (2)
(2) Where the long term debt referred to in subsection (1) is to be repaid in a foreign currency, for the purposes of that subsection par value means the par value in the foreign currency converted to the Canadian dollar equivalent.
Oil Pipeline Uniform Accounting Regulations — (3)
(3) This account shall show (a) total par value unpledged; and (b) total par value pledged.
Oil Pipeline Uniform Accounting Regulations — 30
30 Transportation Plant (1) This account shall include the company’s investment in plant used or held for use under a definite plan for pipeline operations. ( See Regulations, sections 15 to 35). (2) Where transportation plant is retired from service, this account shall be credited with the cost of the plant retired from service. ( See Regulations, sections 36 to 44). (3) Where the consideration given for transportation plant is other than cash, the value of such consideration shall be determined on a cash basis and the entry recording such transaction shall describe the actual consideration with sufficient particularity to identify it. (4) The company shall furnish the Commission, at its request, with the particulars of the determination of the cash value of any consideration referred to in subsection (3). (5) The balance in this account shall be classified according to Schedule II and shall be supported by subsidiary records in which the plant is subdivided into component parts corresponding to (a) each group of plant accounts; (b) each plant account; or (c) each asset or group of assets within a plant account. (6) The records referred to in subsection (5) shall show in detail the current debits and credits.
Oil Pipeline Uniform Accounting Regulations — (1)
(1) This account shall include the company’s investment in plant used or held for use under a definite plan for pipeline operations. ( See Regulations, sections 15 to 35).
Oil Pipeline Uniform Accounting Regulations — (2)
(2) Where transportation plant is retired from service, this account shall be credited with the cost of the plant retired from service. ( See Regulations, sections 36 to 44).
Oil Pipeline Uniform Accounting Regulations — (3)
(3) Where the consideration given for transportation plant is other than cash, the value of such consideration shall be determined on a cash basis and the entry recording such transaction shall describe the actual consideration with sufficient particularity to identify it.
Oil Pipeline Uniform Accounting Regulations — (4)
(4) The company shall furnish the Commission, at its request, with the particulars of the determination of the cash value of any consideration referred to in subsection (3).
Oil Pipeline Uniform Accounting Regulations — (5)
(5) The balance in this account shall be classified according to Schedule II and shall be supported by subsidiary records in which the plant is subdivided into component parts corresponding to (a) each group of plant accounts; (b) each plant account; or (c) each asset or group of assets within a plant account.
Oil Pipeline Uniform Accounting Regulations — (c)
(c) each asset or group of assets within a plant account.
Oil Pipeline Uniform Accounting Regulations — (6)
(6) The records referred to in subsection (5) shall show in detail the current debits and credits.
Oil Pipeline Uniform Accounting Regulations — 31
31 Accumulated Depreciation — Transportation Plant (1) This account shall be credited with amounts of depreciation concurrently debited to account 414 (Depreciation) to cover the loss in service value of depreciable transportation plant, the cost of which is included in account 30 (Transportation Plant) or in account 38 (Transportation Plant Leased to Others). (2) At the time of retirement of depreciable transportation plant, this account shall be credited with amounts recovered from salvage and insurance and debited with (a) the cost of the plant retired; and (b) the costs of removal, demolition or dismantling of the plant retired. (3) Where, as a result of an extraordinary retirement, a material gain or loss is credited to account 402 (Extraordinary Income) or debited to account 422 (Extraordinary Income Deductions), this account shall be debited or credited, as applicable. ( See Regulations, section 40). (4) For general ledger and balance sheet purposes, this account shall be regarded and treated as a composite reserve but, for the purposes of analysis, the company shall maintain subsidiary records in which the accumulated depreciation is subdivided into component parts corresponding to (a) each group of plant accounts; (b) each plant account; or (c) each asset or group of assets within a plant account. (5) The records referred to in subsection (4) shall show in detail the current debits and credits. (6) This account shall be subdivided as follows: (a) Accumulated depreciation — Transportation plant; and (b) Accumulated depreciation — Transportation plant leased to others.