Goto Section: 32.1120 | 32.1171 | Table of Contents
Revised as of September 1, 2021
Goto Year:2020 |
§ 32.1170 Receivables.
(a) This account shall include all amounts due from customers for
services rendered or billed and from agents and collectors authorized
to make collections from customers. This account shall also include all
amounts due from customers or agents for products sold. This account
shall be kept in such manner as will enable the company to make the
(1) Amounts due from customers who are receiving telecommunications
(2) Amounts due from customers who are not receiving service and whose
accounts are in process of collection.
(b) Collections in excess of amounts charged to this account may be
credited to and carried in this account until applied against charges
for services rendered or until refunded.
(c) Cost of demand or time notes, bills and drafts receivable, or other
similar evidences (except interest coupons) of money receivable on
demand or within a time not exceeding one year from date of issue.
(d) Amount of interest accrued to the date of the balance sheet on
bonds, notes, and other commercial paper owned, on loans made, and the
amount of dividends receivable on stocks owned.
(e) This account shall not include dividends or other returns on
securities 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 and other funds.
(f) Dividends received and receivable from affiliated companies
accounted for on the equity method shall be included in Account 1410,
Other noncurrent assets, as a reduction of the carrying value of the
(g) This account shall include all amounts currently due, and not
provided for in (a) through (g) of this section such as those for
traffic settlements, divisions of revenue, material and supplies,
matured rents, and interest receivable under monthly settlements on
short-term loans, advances, and open accounts. If any of these items
are not to be paid currently, they shall be transferred to Account
1410, Other noncurrent assets.
(h) Subsidiary record categories shall be maintained in order that the
entity may separately report the amounts contained herein that relate
to affiliates and nonaffiliates. Such subsidiary record categories
shall be reported as required by part 43 of this chapter.
[ 67 FR 5681 , Feb. 6, 2002]
Goto Section: 32.1120 | 32.1171
Goto Year: 2020 |
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