Common use of Accounting Treatment Clause in Contracts

Accounting Treatment. The mergers will be accounted for as purchases under generally accepted accounting principles. Under those rules, Pioneer USA will record the assets and liabilities of the participating partnerships on its books at their estimated fair market values. NO APPRAISAL OR DISSENTER RIGHTS Under the laws of the State of Delaware and the State of Texas, which are the states of formation of the partnerships, you are not entitled to appraisal or dissenter rights with respect to the mergers.