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Assume a person is severely injured by electricity while trying to remove a kite from the power line after having climbed a power pole without the utility's permission.The injured party sues the power company.All of the following would add to a good defense from the standpoint of the power company except:
Liquidation
The process of closing a business and distributing its assets to claimants, typically after a company is unable to meet its financial obligations.
Profit and Loss Ratio
Measures the efficiency of a company in generating profits from its operations, calculated by dividing net profit by net sales.
Liquidation Expenses
Costs associated with the process of winding down a company's business operations and distributing its assets to claimants.
Carrying Amount
The book value of an asset or liability on a company's balance sheet, reflecting adjustments like depreciation or amortization.
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