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This excerpt taken from the DIS 10-K filed Dec 7, 2005. SFAS 152 and SOP 04-2
In December 2004, the Financial Accounting
Standards Board (FASB) issued Statement of Financial
Accounting Standards No. 152, Accounting for Real Estate
Time-Sharing Transactions (SFAS 152). The FASB issued
this statement as a result of guidance provided in American
Institute of Certified Public Accountants Statement of
Position 04-2, Accounting for Real Estate Time-Sharing
Transactions (SOP 04-2), which applies to all real
estate time-sharing transactions. SFAS 152 is effective for
fiscal years beginning after June 15, 2005. We expect that
the impact of adoption will not be material to our financial
statements.
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