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EXCEL - IDEA: XBRL DOCUMENT - Sanook Enterprises, Inc.Financial_Report.xls
10-K - Sanook Enterprises, Inc.g6420.txt
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EX-31.1 - Sanook Enterprises, Inc.ex31-1.txt
EX-32.1 - Sanook Enterprises, Inc.ex32-1.txt
EX-32.2 - Sanook Enterprises, Inc.ex32-2.txt
EX-31.2 - Sanook Enterprises, Inc.ex31-2.txt
v2.4.0.6
Note 1 - Organization and Description of Business Note 2 - Summary of Significant Accounting Policies: Income Taxes (Policies)
12 Months Ended
Aug. 31, 2012
Policies  
Income Taxes

Income Taxes

 

Income taxes are provided in accordance with ASC No. 740, Accounting for Income Taxes.  A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carryforwards.  Deferred tax expense (benefit) results from the net change during the year of deferred tax assets and liabilities.

 

Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized.  Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.