Goto Section: 32.6999 | 32.7199 | Table of Contents
Revised as of September 1, 2021
Goto Year:2020 |
§ 32.7100 Other operating income and expenses.
This account shall be used to record the results of transactions,
events or circumstances during the periods which are incidental or
peripheral to the major or central operations of the company. It shall
be used to record all items of an operating nature such as incidental
work performed for others not provided for elsewhere. Whenever
practicable the inflows and outflows associated with a transaction,
event or circumstances shall be matched and the result shown as a net
gain or loss. This account shall include the following:
(a) Profits realized from custom work (plant construction) performed
for others incident to the company's regulated telecommunications
operations. This includes profits from the incidental performance of
nontariffed construction activities (including associated engineering
and design) for others which are similar in nature to those activities
which are performed by the company in constructing its own
telecommunications plant facilities. The records supporting the entries
in this account for income and custom work shall be maintained with
sufficient particularity to identify separately the revenue and costs
associated with each undertaking.
(b) Return on investment for the use of regulated property plant and
equipment to provide nonregulated products and services.
(c) All gains and losses resulting from the exchange of foreign
currency. Transaction (realized) gains or losses shall be measured
based on the exchange rate in effect on the transaction date.
Unrealized gains or losses shall be measured based on the exchange rate
in effect at the balance sheet date.
(d) Gains or losses resulting from the disposition of land or artworks.
(e) Charges or credits, as appropriate, to record the results of
transactions, events or circumstances which are of an operational
nature, but occur irregularly or are peripheral to the major or central
operations of the company and not provided for elsewhere.
[ 67 FR 5698 , Feb. 6, 2002]
Goto Section: 32.6999 | 32.7199
Goto Year: 2020 |
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