Note 1 - Nature of Business and Significant Accounting Policies: Cash and Cash Equivalents (Policies)
|9 Months Ended|
May 31, 2017
|Cash and Cash Equivalents||
Cash and Cash Equivalents
The Company considers cash and cash equivalents to consist of cash on hand and investments having an orginal maturity of 90 days or less that are readily convertible into cash. As of May 31, 2017 and August 31, 2016, the Company had $726,692 and $1,027,003, respectively.
Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value.
Reference 1: http://www.xbrl.org/2003/role/presentationRef