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Note 16 - Recently Issued Accounting Pronouncements
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6 Months Ended |
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Dec. 31, 2011
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| Description of New Accounting Pronouncements Not yet Adopted [Text Block] |
(16)
Recently Issued Accounting Pronouncements
In
June 2011, the Financial Accounting Standards Board
(“FASB”) issued ASU 2011-05, “Presentation
of Comprehensive Income”. This ASU increases the
prominence of items reported in other comprehensive income by
eliminating the option to present components of other
comprehensive income as part of the statement of changes in
stockholders’ equity. The amendment requires that all
non-owner changes in stockholders’ equity be presented
either in a single continuous statement of comprehensive
income or in two separate but consecutive statements. The
amendments do not change the items that must be reported in
other comprehensive income. This ASU is effective for annual
and interim periods beginning on or after December 15, 2011
(July 1, 2012 for the Company), and must be applied
retrospectively.
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