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Fair Value of Financial Instruments
6 Months Ended
Nov. 30, 2016
Investments, All Other Investments [Abstract]  
Fair Value of Financial Instruments

Note 7. Fair Value of Financial Instruments

 

The following methods and assumptions are used in estimating the fair-value disclosures for financial instruments:

 

Debt: The carrying amount of loans with floating rates of interest approximate fair value. Fixed rate loans are valued based on cash flows using estimated rates of comparable loans. The carrying amounts reported in the balance sheet approximate fair value.