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FAIR VALUE MEASUREMENT
3 Months Ended
Feb. 26, 2022
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENT

Note 4 FAIR VALUE MEASUREMENT

 

The Company had no financial assets or liabilities measured at fair value on a recurring basis as of February 26, 2022 or November 30, 2021.  The fair value of financial instruments such as cash and cash equivalents, accounts receivable, and accounts payable approximate their carrying amount based on the short maturity of these instruments.

 

The Company measures its long-term debt at fair value, which approximates book value as the long-term debt bears market rates of interest.

 

There were no nonfinancial assets measured at fair value on a nonrecurring basis February 26, 2022 and November 30, 2021.