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Note 5 - Income Taxes
9 Months Ended
May 06, 2015
Income Tax Disclosure [Abstract]  
Income Tax Disclosure [Text Block]

Note 5. Income Taxes 


No cash payments of estimated federal income taxes were made during the quarter ended May 6, 2015. 


Deferred tax assets and liabilities are recorded based on differences between the financial reporting basis and the tax basis of assets and liabilities using currently enacted rates and laws that will be in effect when the differences are expected to reverse. Deferred tax assets are recognized to the extent future taxable income is expected to be sufficient to utilize those assets prior to their expiration.


Management believes that adequate provisions for income taxes have been reflected in the financial statements and is not aware of any significant exposure items that have not been reflected in the financial statements. Amounts considered probable of settlement within one year have been included in the accrued expenses and other liabilities in the accompanying Consolidated Balance Sheet.