Foreign Currencies

9 Months Ended

Sep. 30, 2011

8.	Foreign Currencies

As of September 30, 2011, the Company’s net investment that is subject to foreign currency fluctuations totaled $85,424 and the Company has recorded cumulative foreign currency translation loss of $3,875, net of deferred income tax benefit. This cumulative translation loss is included in Accumulated Other Comprehensive Loss.

- Definition

The entire disclosure for foreign currency transactions and translation. This may include description of foreign currency transactions, foreign currency gains and losses, explanation of change in cumulative translation adjustment, description of effect of subsequent foreign currency exchange rate change, cumulative translation adjustment movement, foreign currency translation adjustment by component movement, translation adjustment for net investment hedge movement, adjustment for long-term intercompany transactions, schedule of long-term intercompany balances and any other foreign currency transactions and translation related items.

+ References

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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+ Details