§ 149.2. Definitions.
The following words and terms, when used in this chapter, have the following meanings, unless the context clearly indicates otherwise:
Accounts—The accounting titles prescribed in this chapter.
Controlled items—The revenues and expenditures generated from the sale of fluid milk products on which the Board establishes a resale price.
Noncontrolled items—The revenues and expenditures generated from the sale of both fluid milk and nonfluid milk products on which the Board does not establish a resale price.
Affiliated and related companies—Companies, groups, or persons that directly or indirectly, through one or more intermediaries, control, are controlled by, or are under common control with the licensed milk dealer, including all subsidiaries, divisions, and branches.
Licensed milk dealer—Any milk dealer duly licensed by the Board who receives, processes, or distributes fluid milk and fluid milk products.
Books and records or books or records—Including all pertinent books, ledgers, journals, records, papers, memoranda, correspondence, vouchers, receipts, cancelled checks, accounts, exhibits, photographs, bills and other documents, including corporate minutes, Federal, State, and local tax returns, and any other records required to verify financial statements.
Licensee—A licensed milk dealer or handler.
Person—Including any individual, corporation, association, partnership, limited partnership, or other unincorporated enterprise, owned or conducted by or on behalf of two or more individuals or other persons.
Costs—The amount of money actually incurred for property or services.
Amortization—The gradual extinction of an amount in an account, by distributing such amount over a fixed period during the life of the asset or liability to which it applies or over the period during which it is anticipated that the benefit will be realized.
Depreciation—The systematic write-off of costs over the estimated useful life of tangible assets applicable to the current accounting period.
Cost center—The department, process or function used to gather direct or indirect costs related to that department, process or function.
Tolling—The income and costs associated with performing one or all of the following services to raw milk for the account of another licensee; receiving, processing, packaging, containers and distributing the finished products.
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