§ 36.222 - Nonoperating income and expenses - Account 7300.

Latest version.

§ 36.222 Nonoperating income and expenses - Account 7300.

(a) Only allowance for funds used during construction, and charitable, social and community welfare contributions are considered in this account for separations purposes.

(b) Subsidiary record categories should be maintained for this account that include identification of amounts made to the account for

(1) credits representing allowance for funds used during construction and

(2) contributions for charitable, social or community welfare purposes, employee activities, membership dues and fees in service clubs, community welfare association and similar organizations.

(c) The portion reflecting allowance for funds used during construction is apportioned on the basis of the cost of Telecommunications Plant Under Construction - Account 2003. The portion reflecting costs for social and community welfare contributions and fees is apportioned on the basis of the apportionment of corporate operations expenses.

[52 FR 17229, May 6, 1987, as amended at 60 FR 12138, Mar. 6, 1995]

                    
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§ 36.222 - Nonoperating income and expenses - Account 7300.

§ 36.222 Nonoperating income and expenses - Account 7300.