[Code of Federal Regulations]
[Title 47, Volume 2]
[Revised as of October 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 47CFR32.1120]

[Page 402]
 
                       TITLE 47--TELECOMMUNICATION
 
                    CHAPTER I--FEDERAL COMMUNICATIONS
                         COMMISSION (CONTINUED)
 
PART 32--UNIFORM SYSTEM OF ACCOUNTS FOR TELECOMMUNICATIONS COMPANIES--Table of Contents
 
           Subpart C--Instructions for Balance Sheet Accounts
 
Sec. 32.1120  Cash and equivalents.

    (a) This account shall include the amount of current funds available 
for use on demand in the hands of financial officers and agents, 
deposited in banks or other financial institutions and also funds in 
transit for which agents have received credit.
    (b) This account shall include the amount of cash on special 
deposit, other than in sinking and other special funds provided for 
elsewhere, to pay dividends, interest, and other debts, when such 
payments are due one year or less from the date of deposit; the amount 
of cash deposited to insure the performance of contracts to be performed 
within one year from date of the deposit; and other cash deposits of a 
special nature not provided for elsewhere. This account shall include 
the amount of cash deposited with trustees to be held until mortgaged 
property sold, destroyed, or otherwise disposed of is replaced, and also 
cash realized from the sale of the company's securities and deposited 
with trustees to be held until invested in physical property of the 
company or for disbursement when the purposes for which the securities 
were sold are accomplished.
    (c) Cash on special deposit to be held for more than one year from 
the date of deposit shall be included in Account 1410, Other noncurrent 
assets.
    (d) This account shall include the amount of cash advanced to 
officers, agents, employees, and others as petty cash or working funds 
from which expenditures are to be made and accounted for.
    (e) This account shall include the cost of current securities 
acquired for the purpose of temporarily investing cash, such as time 
drafts receivable and time loans, bankers' acceptances, United States 
Treasury certificates, marketable securities, and other similar 
investments of a temporary character.
    (f) Accumulated changes in the net unrealized losses of current 
marketable equity securities shall be included in the determination of 
net income in the period in which they occur in Account 7300, Other 
Nonoperating Income and Expense.
    (g) Subsidiary record categories shall be maintained in order that 
the entity may separately report the amounts of temporary investments 
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]