Goto Section: 32.7400 | 32.7600 | Table of Contents

FCC 32.7500
Revised as of October 2, 2015
Goto Year:2014 | 2016
  § 32.7500   Interest and related items.

   (a) This account shall include the current accruals of interest on all
   classes of funded debt the principal of which is includable in Account 4200,
   Long term debt and funded debt. It shall also include the interest on funded
   debt the maturity of which has been extended by specific agreement. This
   account shall be kept so that the interest on each class of funded debt may
   be shown separately in the annual reports to this Commission.

   (b) These accounts shall not include charges for interest on funded debt
   issued or assumed by the company and held by or for it, whether pledged as
   collateral or held in its treasury, in special deposits or in sinking or
   other funds.

   (c) Interest expressly provided for and included in the face amount of
   securities issued shall be charged at the time of issuance to Account 1280,
   Prepayments, and cleared to this account as the term expires to which the
   interest applies.

   (d) This account shall also include monthly amortization of balances in
   Account 4200, Long-term debt and funded debt.

   (e) This account shall include the interest portion of each capital lease
   payment.

   (f) This account shall include the monthly amortization of the balances in
   Account 1410, Other noncurrent assets.

   (g) This account shall include all interest deductions not provided for
   elsewhere, e.g., discount, premium, and expense on notes maturing one year
   or less from date of issue.

   (h) A list of representative items of indebtedness, the interest on which is
   chargeable to this account, follows:

   (1) Advances from affiliated companies;

   (2) Advances from nonaffiliated companies and other liabilities;

   (3) Assessments for public improvements past due;

   (4) Bond coupons, matured and unpaid;

   (5) Claims and judgments;

   (6) Customers' deposits;

   (7) Funded debt mature, with respect to which a definite agreement as to
   extension has not been made;

   (8) Notes payable on demand or maturing one year or less from date of issue;

   (9) Open accounts;

   (10) Tax assessments, past due; and

   (11) Discount, premium, and issuance expense of notes maturing one year or
   less from date of issue.

   [ 67 FR 5699 , Feb. 6, 2002]

   return arrow Back to Top


Goto Section: 32.7400 | 32.7600

Goto Year: 2014 | 2016
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