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time-sharing |
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time-sharing [′tīm ‚sher·iŋ] (computer science) The simultaneous utilization of a computer system from multiple terminals. (industrial engineering) Division of the time required for observation, decision making, and responding by an operator among the activities or tasks that must be performed almost simultaneously.
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66, Accounting for Sales of Real Estate, to reference the financial accounting and reporting guidance for real estate time-sharing transactions that is provided in AICPA Statement of Position (SOP) 04-2, Accounting for Real Estate Time-Sharing Transactions. An exposure draft of a proposed statement of position, Accounting for Real Estate Time-Sharing Transactions, has been issued by the Accounting Standards Executive Committee. Time-sharing requires an initial investment of $5,000 to $20,000 for a chunk of time--usually a week--at a resort or apartment complex for 20 or 25 years, plus an annual maintenance fee. |
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