Goto Section: 32.6999 | 32.7199 | Table of Contents
FCC 32.7100
Revised as of October 1, 2008
Goto Year:2007 |
2009
Sec. 32.7100 Other operating income and expenses.
This account shall be used to record the results of transactions, events or
circumstances during the periods which are incidental or peripheral to the
major or central operations of the company. It shall be used to record all
items of an operating nature such as incidental work performed for others
not provided for elsewhere. Whenever practicable the inflows and outflows
associated with a transaction, event or circumstances shall be matched and
the result shown as a net gain or loss. This account shall include the
following:
(a) Profits realized from custom work (plant construction) performed for
others incident to the company's regulated telecommunications operations.
This includes profits from the incidental performance of nontariffed
construction activities (including associated engineering and design) for
others which are similar in nature to those activities which are performed
by the company in constructing its own telecommunications plant facilities.
The records supporting the entries in this account for income and custom
work shall be maintained with sufficient particularity to identify
separately the revenue and costs associated with each undertaking.
(b) Return on investment for the use of regulated property plant and
equipment to provide nonregulated products and services.
(c) All gains and losses resulting from the exchange of foreign currency.
Transaction (realized) gains or losses shall be measured based on the
exchange rate in effect on the transaction date. Unrealized gains or losses
shall be measured based on the exchange rate in effect at the balance sheet
date.
(d) Gains or losses resulting from the disposition of land or artworks.
(e) Charges or credits, as appropriate, to record the results of
transactions, events or circumstances which are of an operational nature,
but occur irregularly or are peripheral to the major or central operations
of the company and not provided for elsewhere.
[ 67 FR 5698 , Feb. 6, 2002]
Goto Section: 32.6999 | 32.7199
Goto Year: 2007 |
2009
CiteFind - See documents on FCC website that
cite this rule
Want to support this service?
Thanks!
Report errors in
this rule. Since these rules are converted to HTML by machine, it's possible errors have been made. Please
help us improve these rules by clicking the Report FCC Rule Errors link to report an error.
hallikainen.com
Helping make public information public