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time-sharing |
Also found in: Dictionary/thesaurus, Wikipedia, Hutchinson | 0.01 sec. |
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? Mentioned in | ? References in periodicals archive | ||
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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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