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Note 2. Significant Accounting Policies: Financial Instruments (Policies)
3 Months Ended
Nov. 30, 2012
Policies  
Financial Instruments

Financial instruments

 

The Company uses the following methods and assumptions to estimate the fair value of each class of financial instruments for which it is practicable to estimate such values:

 

Cash - the carrying amount approximates fair value because the amounts consist of cash held at a bank and cash held in short term investment accounts.

 

Accounts receivable - the carrying amounts approximate fair value due to the short-term nature and historical collectability.

 

Notes receivable - the carrying amounts approximate fair value due to the short-term nature of the amount.

 

Accounts payable and accrued liabilities - the carrying amount approximates fair value due to the short-term nature of the obligations.