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EXCEL - IDEA: XBRL DOCUMENT - CHINA MEDIA INC.Financial_Report.xls
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v2.4.0.6
Note 2. Summary of Significant Accounting Policies: Earnings (loss) Per Share (Policies)
12 Months Ended
Jun. 30, 2012
Earnings (loss) Per Share:  
Earnings (loss) Per Share

Earnings (Loss) Per Share

 

The Company calculates net income (loss) per share in accordance with ASC 260, Earnings Per Share. Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during each period. Diluted earnings per share is computed by dividing net income by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during each period. As of June 30, 2012 and 2011, respectively, the Company had no common stock equivalents that could potentially dilute future earnings per share.