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Note 4 - Fair Value of Financial Instruments
9 Months Ended
Sep. 30, 2020
Notes  
Note 4 - Fair Value of Financial Instruments

Note 4 - Fair Value of Financial Instruments

 

Financial Accounting Standards Board Accounting Standards Codification Topic 825, "Financial Instruments", requires disclosure of fair value information about financial instruments, whether or not recognized in the balance sheet, for which it is practicable to estimate fair value. Fair value is defined as the amount at which the instruments could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. The Partnership believes that the carrying amounts of other assets and liabilities reported on the balance sheet at September 30, 2020 that require such disclosure approximated their fair value due to the short-term maturity of these instruments.