[Code of Federal Regulations]
[Title 47, Volume 2]
[Revised as of October 1, 2008]
From the U.S. Government Printing Office via GPO Access
[CITE: 47CFR32.1170]

[Page 402]
 
                       TITLE 47--TELECOMMUNICATION
 
        CHAPTER I--FEDERAL COMMUNICATIONS COMMISSION (CONTINUED)
 
PART 32_UNIFORM SYSTEM OF ACCOUNTS FOR TELECOMMUNICATIONS COMPANIES--Table of 
 
            Subpart C_Instructions for Balance Sheet Accounts
 
Sec. 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 
following analysis:
    (1) Amounts due from customers who are receiving telecommunications 
service.
    (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 
investment.
    (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]

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