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Note 3: Recent Accounting Pronouncements: Goodwill and Other Accounting Standards Update Policy (Policies) | 3 Months Ended
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Sep. 30, 2012
Policies |
Goodwill and Other Accounting Standards Update Policy | In July 2012, the FASB issued ASU No. 2012-02 to amend FASB ASC Topic 350, Intangibles – Goodwill and Other. The Update clarifies the process of performing an impairment test for indefinite-lived intangible assets by simplifying how an entity tests those assets for impairment and improves consistency in impairment testing guidance among long-lived asset categories. The Update will be effective for the Company January 1, 2013, and is not expected to have a material impact on the Company’s financial position or results of operations.

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