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Note 1 - Basis of Presentation: Recent Accounting Pronouncements (Policies)
6 Months Ended
Jun. 30, 2015
Policies  
Recent Accounting Pronouncements:

Recent Accounting Pronouncements:

 

In April 2015, the Financial Accounting Standards Board issued Accounting Standards Update 2014-03 “Imputation of Interest.” ASU 2014-03 applies to the presentation of debt issuance costs in financial statements. It requires debt issurance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts.  The accounting standards update is required to be adopted in 2016.  Retrospective application is required.  Managment is currently evaluating the impact of this standard on its consolidated financial statements.