Goto Section: 32.23 | 32.25 | Table of Contents

FCC 32.24
Revised as of October 2, 2015
Goto Year:2014 | 2016
§ 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 years.

   (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]

   return arrow Back to Top


Goto Section: 32.23 | 32.25

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