Code of Massachusetts Regulations
220 CMR - DEPARTMENT OF PUBLIC UTILITIES
Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies
LIABILITIES AND OTHER CREDITS
9 - CURRENT AND ACCRUED LIABILITIES
- Section 231 - Notes Payable
- Section 232 - Accounts Payable
- Section 233 - Notes Payable to Associated Companies
- Section 234 - Accounts Payable to Associated Companies
- Section 235 - Customer Deposits
- Section 236 - Taxes Accrued
- Section 237 - Interest Accrued
- Section 238 - Dividends Declared
- Section 239 - Matured Long-Term Debt
- Section 240 - Matured Interest
- Section 241 - Tax Collections Payable
- Section 242 - Miscellaneous Current and Accrued Liabilities
Current and accrued liabilities are those obligations which have either matured or which become due within one year from the date thereof; except, however, bonds, receivers' certificates and similar obligations which shall be classified as long-term debt until date of maturity; accrued taxes, such as income taxes, which shall be classified as accrued liabilities even though payable more than one year from date; compensation awards, which shall be classified as current liabilities regardless of date due; and minor amounts payable in installments which may be classified as current liabilities. If a liability is due more than one year from date of issuance or assumption by the utility, it shall be credited to a long-term debt account appropriate for the transaction, except, however, the current liabilities previously mentioned.
