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Recently Issued Accounting Pronouncements
3 Months Ended
Nov. 30, 2011
Recently Issued Accounting Pronouncements [Abstract]  
Recently Issued Accounting Pronouncements

12.

Recently Issued Accounting Pronouncements:

In May, 2011, the FASB issued ASU 2011-4, amendments to achieve common Fair Value Measurement and

Disclosure requirements in U.S GAAP and IFRSs. This amendment is to ensure that fair value has the same meaning in U.S. GAAP and International Financial Reporting Standards (IFRSs) and that their respective fair value measurement and disclosure requirements are the same. This guidance is effective during the interim and annual periods beginning after December 15, 2011. The Company does not expect that this authoritative guidance will have any material effect on the Company's financial statements.

In December, 2011 the FASB issued ASU 2011-12 deferring the effective date for amendments to the presentation and reclassification of items out of accumulated other comprehensive income in ASU 2011-05. This update is effective for fiscal years, and interim periods within those years, beginning after December 15, 2011. In June, 2011, the FASB issued ASU 2011-5. The objective of this amendment is to improve the comparability, consistency, and transparency of financial reporting and to increase the prominence of items reported in other comprehensive income. This guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2011. The Company does not expect that this authoritative guidance will have any material effect on the Company's financial statements as it only requires a change the format of the Consolidated Statements of Changes in Members' Investment and Comprehensive Income.

In September, 2011, the FASB issued ASU 2011-08. The objective of this amendment is to simplify how entities test goodwill for impairment allowing an entity to use a qualitative approach to test goodwill for impairment. This guidance is effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011. The Company does not expect that this authoritative guidance on impairment testing will have a material effect on the Company's financial statements.

In December, 2011, the FASB issued ASU 2011-10. The objective of this amendment is to resolve the diversity in practice about whether the guidance in Subtopic 360-20 applies to a parent that ceases to have a controlling financial interest in a subsidiary that is in substance real-estate as a result of default on the subsidiary's nonrecourse debt. This guidance is effective for fiscal years ending after June 15, 2012, and interim and annual periods thereafter. This authoritative guidance will not have any effect on the Company's financial statements.

In December, 2011, the FASB issued ASU 2011-11. The amendments in this Update require an entity to disclose information about offsetting and related arrangements to enable users of its financial statements to understand the effect of those arrangements on its financial position. An entity is required to apply the amendments for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods.