Section 32.7500 - Interest and related items(a) This account shall include the current accruals of interest on all classes of funded debt the principal of which is includable in Account 4200, Long term debt and funded debt. It shall also include the interest on funded debt the maturity of which has been extended by specific agreement. This account shall be kept so that the interest on each class of funded debt may be shown separately in the annual reports to this Commission.(b) These accounts shall not include charges for interest on funded debt 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 or other funds.(c) Interest expressly provided for and included in the face amount of securities issued shall be charged at the time of issuance to Account 1280, Prepayments, and cleared to this account as the term expires to which the interest applies.(d) This account shall also include monthly amortization of balances in Account 4200, Long-term debt and funded debt.(e) This account shall include the interest portion of each finance lease and capitalized operating lease payment.(f) This account shall include the monthly amortization of the balances in Account 1410, Other noncurrent assets.(g) This account shall include all interest deductions not provided for elsewhere, e.g., discount, premium, and expense on notes maturing one year or less from date of issue.(h) 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;(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;(10) Tax assessments, past due; and(11) Discount, premium, and issuance expense of notes maturing one year or less from date of issue. 67 FR 5699 , Feb. 6, 2002, as amended at 84 FR 4730 , Feb. 19, 2019