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Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Revenue from Contracts with Customers (Policies)
6 Months Ended
Nov. 30, 2018
Policies  
Revenue from Contracts with Customers

Revenue from Contracts with Customers

 

In May 2014, the FASB issued ASC Topic 606, Revenue from Contracts with Customers, which applies to all entities and all contracts with customers, with the exception of certain contracts (including leases, insurance contracts, and other contractual agreements and exchanges between entities in the same line of business), as noted in ASC 606-10. ASC 606 became effective for the Company this year, but the Company cannot assess the impact of ASC 606 because it has not yet generated revenues and is not currently tied to a specific line of business. The Company will be able to evaluate the impact of the new rule in the future, when revenue streams are known.