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beat butter 30 seconds.
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beat in sugar, baking powder and salt.
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beat in egg and vanilla, beat in flour.
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divide dough in half.
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knead almond extract and orange food color in half. knead coconut extract and yellow food color in other half.
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shape each colored portion into rectanglar logs, 6 inches long by 2 inches wide. wrap each log in wax paper. chill 1 hour.
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cut each log length wise into 4 slices.
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alternating colors stack slices to form 2 four layor logs. press together to seal with wax paper. chill for 1 hour.
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place logs on cutting surface with solid color facing up. using a sharp knife cut each log lengthwise four times. stack four slices of dough making a checkerboard.
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Combine coconut and nuts, roll logs in mixture. chill for 1-2 hours.
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preheat oven to 375.
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slice logs 1/4 inch thick. place 2 inches apart on ungreased cookie sheet.
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bake 10-12 minutes.
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transfer to wire rack.