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Note 1. Significant Accounting Policies and Practices: Principles of Consolidation and Presentation of Financial Statements (Policies)
12 Months Ended
Dec. 31, 2013
Policies  
Principles of Consolidation and Presentation of Financial Statements

(B)              Basis of Presentation

 

The consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”) and include the accounts of AMIC and its consolidated subsidiaries. All intercompany transactions have been eliminated in consolidation. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect:  (i) the reported amounts of assets and liabilities; (ii) the disclosure of contingent assets and liabilities at the date of the financial statements; and (iii) the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.