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EXCEL - IDEA: XBRL DOCUMENT - iTalk Inc.Financial_Report.xls
10-K - iTalk Inc.g6419.txt
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EX-32.1 - iTalk Inc.ex32-1.txt
EX-31.2 - iTalk Inc.ex31-2.txt
EX-32.2 - iTalk Inc.ex32-2.txt
EX-31.1 - iTalk Inc.ex31-1.txt
v2.4.0.6
Note 1 - Organization and Description of Business Note 2 - Summary of significant accounting policies: Basic Earnings Per Share (Policies)
12 Months Ended
Aug. 31, 2012
Policies  
Basic Earnings Per Share

Basic Earnings per Share

 

ASC No. 260, “Earnings Per Share”, specifies the computation, presentation and disclosure requirements for earnings (loss) per share for entities with publicly held common stock.   The Company has adopted the provisions of ASC No. 260. 

 

Basic net loss per share amounts is computed by dividing the net loss by the weighted average number of common shares outstanding.  Diluted earnings per share are the same as basic earnings per share due to the lack of dilutive items in the Company.