Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - BISON INSTRUMENTS INCFinancial_Report.xls
10-K - FORM 10-K - BISON INSTRUMENTS INCbsoi_10k-103112.htm
XML - IDEA: XBRL DOCUMENT - BISON INSTRUMENTS INCR1.htm
XML - IDEA: XBRL DOCUMENT - BISON INSTRUMENTS INCR3.htm
XML - IDEA: XBRL DOCUMENT - BISON INSTRUMENTS INCR9.htm
XML - IDEA: XBRL DOCUMENT - BISON INSTRUMENTS INCR5.htm
XML - IDEA: XBRL DOCUMENT - BISON INSTRUMENTS INCR4.htm
XML - IDEA: XBRL DOCUMENT - BISON INSTRUMENTS INCR6.htm
XML - IDEA: XBRL DOCUMENT - BISON INSTRUMENTS INCR2.htm
XML - IDEA: XBRL DOCUMENT - BISON INSTRUMENTS INCR8.htm
XML - IDEA: XBRL DOCUMENT - BISON INSTRUMENTS INCR19.htm
XML - IDEA: XBRL DOCUMENT - BISON INSTRUMENTS INCR21.htm
XML - IDEA: XBRL DOCUMENT - BISON INSTRUMENTS INCR17.htm
XML - IDEA: XBRL DOCUMENT - BISON INSTRUMENTS INCR16.htm
XML - IDEA: XBRL DOCUMENT - BISON INSTRUMENTS INCR10.htm
XML - IDEA: XBRL DOCUMENT - BISON INSTRUMENTS INCR13.htm
XML - IDEA: XBRL DOCUMENT - BISON INSTRUMENTS INCR18.htm
XML - IDEA: XBRL DOCUMENT - BISON INSTRUMENTS INCR14.htm
XML - IDEA: XBRL DOCUMENT - BISON INSTRUMENTS INCR15.htm
XML - IDEA: XBRL DOCUMENT - BISON INSTRUMENTS INCR20.htm
XML - IDEA: XBRL DOCUMENT - BISON INSTRUMENTS INCR11.htm
XML - IDEA: XBRL DOCUMENT - BISON INSTRUMENTS INCR12.htm
EX-14 - EXHIBIT 14 - BISON INSTRUMENTS INCex14.htm
EX-32.1 - EXHIBIT 32.1 - BISON INSTRUMENTS INCex32-1.htm
EX-31.2 - EXHIBIT 31.2 - BISON INSTRUMENTS INCex31-2.htm
EX-31.1 - EXHIBIT 31.1 - BISON INSTRUMENTS INCex31-1.htm
EX-32.2 - EXHIBIT 32.2 - BISON INSTRUMENTS INCex32-2.htm
v2.4.0.6
Note 1. Significant Accounting Policies
12 Months Ended
Oct. 31, 2012
Significant Accounting Policies [Text Block]
1.      Significant accounting policies:

 (a) Basis of presentation:

These consolidated financial statements include the accounts of the Company’s wholly owned subsidiary, Bison International, Inc., which is inactive. All significant intercompany transactions and balances have been eliminated.

(b) Income taxes:

The Company accounts for income taxes in accordance with Financial Accounting Standards Board ASC 740, Income Taxes.  Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases.  Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.  A valuation allowance is recorded and deducted from deferred tax assets when the deferred tax assets are not expected to be realized based on currently available evidence.  The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

         (c) Cash and cash equivalents:

For purposes of the statement of cash flows, the Company considers all highly liquid investments purchased with a maturity of three months or less to be cash or cash equivalents.

         (d) Earnings (loss) per share:

 
Basic earnings (loss) per share are computed by dividing net earnings by the weighted average shares outstanding during the year.  For each of the years ended October 31, 2012 and 2011 there were no outstanding dilutive securities.  The earnings (loss) per share computations are based on the weighted average number of common shares outstanding of 888,180 during each year.

         (e) Use of estimates:

The preparation of consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the year.  Actual results could differ from those estimates.

         (f) Accounting for uncertainty in income taxes:

The Company has taken no uncertain tax positions that require adjustments to the financial statements. The Company will recognize future accrued interest and penalties related to unrecognized tax positions in income tax expense as incurred.  The Company is no longer subject to Federal tax examinations by tax authorities for years before 2009 and state examinations for years before 2009.