Code of Massachusetts Regulations
220 CMR - DEPARTMENT OF PUBLIC UTILITIES
Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies
LIABILITIES AND OTHER CREDITS
7 - PROPRIETARY CAPITAL
CAPITAL STOCK
Section 204 - Preferred Stock Issued

Universal Citation: 220 CMR 50.00 MA Code of Regs 204

Current through Register 1531, September 27, 2024

A. These accounts shall include the par value of each class of capital stock actually issued, including the par value of such capital stock in account 196, Reacquired Capital Stock.

B. When the actual cash value of the consideration received is more or less than the par value, the difference shall be credited or debited, as the case may be, to the premium or discount account for the particular class and series.

C. When capital stock is retired, these accounts shall be charged with the amount at which such stock is carried herein.

D. A separate ledger account, with a descriptive title, shall be maintained for each class and series of stock. The supporting records shall show the shares nominally issued, actually issued, and nominally outstanding.

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