17 C.F.R. § 256.225 Unamortized premium on long-term debt.
Title 17 - Commodity and Securities Exchanges
(a) This account shall include the excess of the cash value of consideration received over the face value upon the issuance or assumption of long-term debt securities. (b) Amounts recorded in this account shall be amortized over the life of each respective issue under a plan which will distribute the amount equitably over the life of the security. The amortization shall be on a monthly basis, with the amounts thereof to be credited to account 427, Interest on long-term debt, or account 431, Other interest expense.
Title 17: Commodity and Securities Exchanges
PART 256—UNIFORM SYSTEM OF ACCOUNTS FOR MUTUAL SERVICE COMPANIES AND SUBSIDIARY SERVICE COMPANIES, PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
6. long-term debt
§ 256.225 Unamortized premium on long-term debt.
