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Recent Accounting Pronouncements
6 Months Ended
Jun. 30, 2013
Recent Accounting Pronouncements  
Recent Accounting Pronouncements

2. Recent Accounting Pronouncements

 

In December 2011, the FASB amended the accounting guidance for balance sheet offsetting for financial assets and financial liabilities. The amended guidance is intended to help investors and other financial statement users to better assess the effect or potential effect of offsetting arrangements on a company’s financial position and provides for increased disclosures. The amended guidance is effective for the Partnership retrospectively as of January 1, 2013. Except for additional disclosures included in Note 6 related to our master netting arrangements, the adoption of the amended guidance did not have a material effect on the Partnership’s condensed consolidated financial statements.