14 CFR § 16

14 CFR · Aeronautics and Space

§ 16 — Objective Classification—Discontinued Operations

14 CFR § 16

TitleTitle 14: Aeronautics and Space PartPart 241: Uniform System of Accounts and Reports for Large Certificated Air Carriers

SourceeCFR (current through Mar 10, 2026)

This text of 14 C.F.R. § 16 (Objective Classification—Discontinued Operations) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

14 C.F.R. § 16 (2026).

Text

Section 16 Objective Classification—Discontinued Operations 95 Discontinued Operations.

(a)Record here the earnings (losses) of discontinued nontransport operations. For the purposes of this system of accounts and reports discontinued operations shall refer to the disposal of investor controlled companies and nontransport ventures whether sold, abandoned, spun off, or otherwise disposed of. This account shall not include earnings or losses from discontinued transport or transport-related operations.

(b)This account shall be subdivided as follows by all air carrier groups: 95.1 Income from Discontinued Operations. Record here the results of operations of the discontinued operations. 95.2 Loss of Disposal of Discontinued Operations. Record here the gain or loss on the disposal of an

Free access — add to your briefcase to read the full text and ask questions with AI

Section 16 Objective Classification—Discontinued Operations 95 Discontinued Operations.

(a) Record here the earnings (losses) of discontinued nontransport operations. For the purposes of this system of accounts and reports discontinued operations shall refer to the disposal of investor controlled companies and nontransport ventures whether sold, abandoned, spun off, or otherwise disposed of. This account shall not include earnings or losses from discontinued transport or transport-related operations.

(b) This account shall be subdivided as follows by all air carrier groups:

95.1 Income from Discontinued Operations.
Record here the results of operations of the discontinued operations.
95.2 Loss of Disposal of Discontinued Operations.
Record here the gain or loss on the disposal of an operation. If loss is anticipated it should be provided for at the measurement date. If gain is anticipated it should be recognized when realized.

[ER-948, 41 FR 12296, Mar. 25, 1976]