Sec. 32.4010  Account payable.

    (a) This account shall include all amounts currently due to others 
for recurring trade obligations, and not provided for in other accounts, 
such as those for traffic settlements, material and supplies, repairs to 
telecommunications plant, matured rents, and interest payable under 
monthly settlements on short-term loans, advances, and open accounts. It 
shall also include amounts of taxes payable that have been withheld from 
employees' salaries.
    (b) Subsidiary record categories shall be maintained for this 
account in order that the company may separately report the amounts 
contained herein that relate to nonaffiliates and affiliates. Such 
subsidiary record categories shall be reported as required by Part 43 of 
this Commission's Rules and Regulations.
    (c) There shall be included herein accounts payable arising from 
sharing of revenues.