Sec. 32.7540  Other interest deductions.

    (a) This account shall include all interest deductions not provided 
for elsewhere, e.g., discount, premium, and expense on notes maturing 
one year of less from date of issue.
    (b) A list of representative items of indebtedness, the interest on 
which is chargeable to this account, follows:
    (1) Advances from affiliated companies;
    (2) Advances from nonaffiliated companies and other liabilities
    (3) Assessments for public improvements past due;
    (4) Bond coupons, matured and unpaid;
    (5) Claims and judgments;
    (6) Customers' deposits;
    (7) Funded debt mature, with respect to which a definite agreement 
as to extension has not been made;
    (8) Notes payable on demand or maturing one year or less from date 
of issue;
    (9) Open accounts;

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    (10) Tax assessments, past due; and
    (11) Discount, premium, and issuance expense of notes maturing one 
year or less from date of issue.
    (c) Interest payable on notes or other evidences of indebtedness 
maturing serially shall be charged to Account 7510, Interest of Funded 
Debt, if any portion of the obligation matures more than one year from 
date of issue.