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Note 2 - Summary of Significant Accounting Policies: Provision For Income Taxes (Policies)
3 Months Ended
Mar. 31, 2016
Policies  
Provision For Income Taxes

Provision for Income Taxes

 

An asset and liability approach is used for financial accounting and reporting for income taxes. Deferred income taxes arise from temporary differences between income tax and financial reporting and principally relate to recognition of revenue and expenses in different periods for financial and tax accounting purposes and are measured using currently enacted tax rates and laws. In addition, a deferred tax asset can be generated by net operating loss carryforwards. If it is more likely than not that some portion or all of a deferred tax asset will not be realized, a valuation allowance is recognized.