XML 33 R22.htm IDEA: XBRL DOCUMENT v3.20.4
Note 1 - Organization and Summary of Significant Accounting Policies: Fair Value of Financial Instruments (Policies)
12 Months Ended
Dec. 31, 2020
Policies  
Fair Value of Financial Instruments

Fair Value of Financial Instruments

 

ASC 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 its assets and liabilities at December 31, 2020 approximated their fair value due to the short term maturity of these instruments.