§  32.4130   Other current liabilities.

   This account shall include:

   (a) The amount of advance billing creditable to revenue accounts in
   future months; also advance payments made by prospective customers
   prior to the establishment of service. Amounts included in this account
   shall be credited to the appropriate revenue accounts in the months in
   which the service is rendered or cleared from this account as refunds
   are made.

   (b) The amount (including any obligations for premiums) of long-term
   debt matured and unpaid without any specific agreement for extension of
   maturity, including unpresented bonds drawn for redemption through the
   operation of sinking and redemption fund agreements.

   (c) The current portion of obligations applicable to property obtained
   under capital leases.

   (d) The amount of wages, compensated absences, interest on indebtedness
   of the company, dividends on capital stock, and rents accrued to the
   date for which the balance sheet is made, but not payable until after
   that date. Accruals shall be maintained so as to show separately the
   amount and nature of the items accrued to the date of the balance
   sheet.

   (e) Matured rents, dividends, interest payable under monthly
   settlements on short-term loans, advances, and open accounts shall be
   included in Account 4000.

   (f) All other liabilities of current character which are not included
   in Account 4000 through 4110.

   [ 67 FR 5689 , Feb. 6, 2002]