The extent of the company legal and financial


Dec 29 Susquehanna equipment rentals was named, along with mission land scaping and collier construction ,as a co defendant in 25000 law suit filed on behalf of kevin davenport. Mission landscaping hadleft the rented backhoe in a fenced construction site owned bycolllier construction. After working hours on december 26, Daven porthad climbed the fence to play on parked construction equipment. While playing on the backhoe , he fell and broke his arms. The extent of the company legal and financial responsibility for this accident, if any, cannot be determined at this time. (Note: this event does not required a journal entrty at this time , butmay require disclosue in notes accompanying the statment).

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Accounting Basics: The extent of the company legal and financial
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