Quarterly report pursuant to Section 13 or 15(d)

ACCOUNTING STANDARDS UPDATES

v2.4.1.9
ACCOUNTING STANDARDS UPDATES
3 Months Ended
Mar. 31, 2015
Accounting Standards Updates  
ACCOUNTING STANDARDS UPDATES

NOTE 9 – ACCOUNTING STANDARDS UPDATES

 

ASU 2015-03, “Interest – Imputation of Interest (Subtopic 835-30) – Simplifying the Presentation of Debt Issuance Costs” ASU 2015-03 requires companies to present debt issuance costs the same way they currently present debt discounts, as a direct deduction from the carrying value of that debt liability. ASU 2015-03 is effective for the Company beginning December 15, 2015, though early adoption is permitted. ASU 2015-03 is not expected to have a significant impact on the Company’s financial statements.