Quarterly report pursuant to Section 13 or 15(d)

Note 11

v3.7.0.1
Note 11
 6 Months Ended
Jun. 30, 2017
Accounting Standards Update 2016-16 [Member]  
Notes to Financial Statements  
Description of New Accounting Pronouncements Not yet Adopted [Text Block]
(
11
)
In
October 2016,
the FASB issued ASU
No.
2016
-
16,
“
Income Taxes – Intra-Entity Transfers of Assets Other Than Inventory (Topic
740
)”
(“ASU
2016
-
16”
). This ASU will require recognition of the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs as opposed to waiting for it to be sold to an outside party. This standard is effective for annual reporting periods beginning after
December 15, 2017,
including interim reporting periods within those annual reporting periods. The Trust is currently evaluating the new guidance to determine the impact it will have on our consolidated financial statements.