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New Accounting Pronouncements
9 Months Ended
Jun. 30, 2011
New Accounting Pronouncements

B. NEW ACCOUNTING PRONOUNCEMENTS

 

In May 2011, the FASB issued Accounting Standards Update (ASU) No. 2011-04, “Fair Value Measurement (Topic 820) – Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs,” which is effective for interim and annual periods beginning after December 15, 2011. This guidance amends certain accounting and disclosure requirements related to fair value measurements. The Company does not believe that this amendment will have a material impact on its financial statements.