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Scenario 8.2: Faulty Scaffolding
The owner and supervisor of a small BC construction company and a scaffold platform supplier were charged with two counts of criminal negligence causing death,in addition to 12 provincial health and safety legislation charges.Two migrant workers fell 11 storeys from a high-rise building when the faulty scaffolding broke,and they were not attached to harnesses.
-Please refer to Scenario 8.2.What was the owner's responsibility under health and safety legislation?
Equity
Represents the value of an ownership interest in a company, often expressed as share capital or stock, reflecting the residual interest in the assets of the entity after deducting liabilities.
Current Liabilities
Current liabilities are financial obligations a company owes and is expected to pay within one year or within its operating cycle, whichever is longer.
Private Placement
The sale of securities to a relatively small number of selected investors as a way of raising capital, not publicly offered in the open market.
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