Goto Section: 32.7400 | 32.7600 | Table of Contents
Revised as of September 12, 2019
Goto Year:2018 |
§ 32.7500 Interest and related items.
Link to an amendment published at 84 FR 4730 , Feb. 19, 2019.
(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
(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
(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]
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Goto Section: 32.7400 | 32.7600
Goto Year: 2018 |
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