Goto Section: 32.23 | 32.25 | Table of Contents

FCC 32.24
Revised as of September 1, 2021
Goto Year:2020 | 2022
  §  32.24   Compensated absences.

   (a) Companies shall record a liability and charge the appropriate
   expense accounts for compensated absences (vacations, sick leave, etc.)
   in the year in which these benefits are earned by employees.

   (b) With respect to the liability that exists for compensated absences
   which is not yet recorded on the books as of the effective date of this
   part, the liability shall be recorded in Account 4130. Other current
   liabilities, with a corresponding entry to Account 1438, Deferred
   maintenance, retirements and other deferred charges. This deferred
   charge shall be amortized on a straight-line basis over a period of ten

   (c) Records shall be maintained so as to show that no more than ten
   percent of the deferred charge is being amortized each year.

   [ 51 FR 43499 , Dec. 2, 1986, as amended at  67 FR 5679 , Feb. 6, 2002]


Goto Section: 32.23 | 32.25

Goto Year: 2020 | 2022
CiteFind - See documents on FCC website that cite this rule

Want to support this service?

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.
Helping make public information public