§ 36.222   Nonoperating income and expenses—Account 7300.

   (a) Only allowance for funds used during construction, and charitable,
   social and community welfare contributions are considered in this
   account for separations purposes.

   (b) Subsidiary record categories should be maintained for this account
   that include identification of amounts made to the account for (1)
   credits representing allowance for funds used during construction and
   (2) contributions for charitable, social or community welfare purposes,
   employee activities, membership dues and fees in service clubs,
   community welfare association and similar organizations.

   (c) The portion reflecting allowance for funds used during construction
   is apportioned on the basis of the cost of Telecommunications Plant
   Under Construction—Account 2003. The portion reflecting costs for
   social and community welfare contributions and fees is apportioned on
   the basis of the apportionment of corporate operations expenses.

   [ 52 FR 17229 , May 6, 1987, as amended at  60 FR 12138 , Mar. 6, 1995]

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