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Marketable Securities And Other Investments
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12 Months Ended |
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Nov. 30, 2011
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| Marketable Securities And Other Investments [Abstract] | |
| Marketable Securities And Other Investments |
NOTE 2 – MARKETABLE SECURITIES AND OTHER INVESTMENTS. Marketable Securities The Company accounts for marketable securities and other investments at cost, fair value or considers fair value of their measurement under various accounting literature. Adjustments to the fair value in the Company's marketable securities and other investments are reflected in accumulated other comprehensive loss. Marketable securities, consisting of variable rate demand notes, were $1,002,000 and $1,132,000 at November 30, 2011 and 2010, respectively. The Company purchases variable rate demand notes. The interest rate on these variable rate demand notes resets every seven days to adjust to current market conditions. The Company can redeem these demand notes at cost at any time with seven days notice. Therefore, the investments are held at cost, which approximates fair value, and are classified as short-term investments on the accompanying consolidated balance sheets. The Company holds these investments as available for sale.
Other Investments The Company uses the guidance as described above, to account for the other investments. The fair value of other investments as of November 30, 2011 and 2010 was approximately $6,400. There was no unrealized holding gain or loss recorded as a component of stockholders' equity on other investments as of November 30, 2011 and 2010, respectively. |