47 CFR 32.24
§ 32.24 Compensated absences.
United States · 47 CFR — Telecommunication · Status: effective
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- Citation
- 47 CFR 32.24, § 32.24 Compensated absences, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/235239
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Full text
(a) Companies shall record a liability and charge the appropriate expense accounts for compensated absences (vacations, sick leave, etc.) in the year in which these benefits are earned by employees.
(b) With respect to the liability that exists for compensated absences which is not yet recorded on the books as of the effective date of this part, the liability shall be recorded in Account 4130. Other current liabilities, with a corresponding entry to Account 1438, Deferred maintenance, retirements and other deferred charges. This deferred charge shall be amortized on a straight-line basis over a period of ten years.
(c) Records shall be maintained so as to show that no more than ten percent of the deferred charge is being amortized each year.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.