2. Significant Accounting Policies: Use of Estimates (Policies)

12 Months Ended

Dec. 31, 2014

Policies

Use of Estimates

Use of Estimates

                The preparation of financial statements in conformity with generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. The most significant estimates and assumptions relate to revenue recognition, accounts receivable allowances, inventory valuations, goodwill and intangible asset valuations, product liability costs, phantom stock and accounting for income taxes.  Actual amounts could differ significantly from these estimates.