Note 3: Recent Accounting Pronouncements: Comprehensive Income Accounting Standards Update Policy (Policies)

3 Months Ended

Sep. 30, 2012

Policies

Comprehensive Income Accounting Standards Update Policy

In December 2011, the FASB issued Accounting Standards Update (ASU) No. 2011-12 to amend FASB ASC Topic 220, Comprehensive Income.  The Update defers the effective date for amendments to the presentation of reclassifications of items out of accumulated other comprehensive income in ASU No. 2011-05.  The Update was effective for the Company January 1, 2012, and did not have a material impact on the Company’s financial position or results of operations.