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In Timpte Industries v.Gish,where Gish was hurt when he fell off the top of a truck,
the Texas Supreme Court held the top of the truck was defectively designed as it was unsafe for workers who needed to be on top of the truck.
Common Stock
Equity ownership in a corporation, giving shareholders voting rights and a share in the company's profits through dividends and capital appreciation.
Depreciation Expense
The portion of the cost of a fixed asset that is systematically allocated as an expense to each period that the asset is used and generates revenue.
Equipment Purchases
Expenditures made by a company to acquire or upgrade physical assets such as machinery, vehicles, or office equipment.
IFRS
International Financial Reporting Standards are a set of accounting guidelines created by the International Accounting Standards Board that govern how transactions and other accounting events should be reported in financial statements.
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