§  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]