Goto Section: 32.7320 | 32.7340 | Table of Contents

FCC 32.7330
Revised as of
Goto Year:1996 | 1998
Sec. 32.7330  Income from sinking and other funds.

    (a) This account shall include the income accrued on cash, 
securities issued by other companies, and other assets (not including 
securities issued or assumed by the company) held in sinking and other 
funds.
    (b) There shall be included in this account for each month the 
applicable amount requisite to extinguish, during the interval between 
the date of acquisition and the date of maturity, the difference between 
the purchase price and the par value of securities held in sinking or 
other funds. Amounts thus credited or charged shall be concurrently 
included in the accounts in which the securities are carried. Any such 
differences remaining unextinguished upon the maturity and satisfaction 
of such securities shall be cleared to Account 7360, Other Nonoperating 
Income.


Goto Section: 32.7320 | 32.7340

Goto Year: 1996 | 1998
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