Summary of Significant Accounting Policies: Fair Value of Financial Instruments Policy (Policies)

12 Months Ended

Oct. 31, 2015

Policies

Fair Value of Financial Instruments Policy

Fair Value of Financial Instruments

Fair value is defined as the price that would be received upon sale of an asset or paid upon transfer of a liability in an orderly transaction between market participants at the measurement date and in the principal or most advantageous market for that asset or liability. The fair value is calculated based on assumptions that market participants would use in pricing the asset or liability, not on assumptions specific to the entity. In addition, the fair value of liabilities includes consideration of non-performance risk including the entity’s own credit risk.

The Company’s financial instruments consist of cash, accounts payable and accruals as well as amounts due to related parties. The carrying value of these financial instruments approximates their fair value based on their short-term nature. The Company is not exposed to significant interest, exchange or credit risk arising from these financial instruments.