14 CFR § 2-3

14 CFR · Aeronautics and Space

§ 2-3 — Distribution of revenues and expenses within entities.

14 CFR § 2-3

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. § 2-3 (Distribution of revenues and expenses within entities.) 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. § 2-3 (2026).

Text

Sec. 2-3 Distribution of revenues and expenses within entities.

(a)Revenues and expenses attributable to a single natural objective account or functional classification shall be assigned accordingly.

(b)Revenue and expense items which are common to two or more natural objective accounts shall be recorded in the objective accounts to which they predominantly relate.

(c)Expense items contributing to more than one function shall be charged to the general overhead functions to which applicable except that where only incidental contribution is made to more than a single function an item may be included in the function to which primarily related, provided such function is not distorted by including an aggregation of amounts applicable to other functions. When assignment of expense items on

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Sec. 2-3 Distribution of revenues and expenses within entities.

(a) Revenues and expenses attributable to a single natural objective account or functional classification shall be assigned accordingly.

(b) Revenue and expense items which are common to two or more natural objective accounts shall be recorded in the objective accounts to which they predominantly relate.

(c) Expense items contributing to more than one function shall be charged to the general overhead functions to which applicable except that where only incidental contribution is made to more than a single function an item may be included in the function to which primarily related, provided such function is not distorted by including an aggregation of amounts applicable to other functions. When assignment of expense items on the basis of the primary activity to which related does not in the aggregate result in a fair presentation of the expenses applicable to each function, apportionment shall be made between functions based upon a study of the contribution to each function during a representative period.

[ER-755, 37 FR 19726, Sept. 21, 1972. Redesignated by Amdt. 241-58, 54 FR 5592, Feb. 6, 1989]