Which of the following statements refers to punitive damages?
A) They are damages in excess of compensatory damages that the court awards for the sole purpose of deterring the defendant and others from doing the same act again.
B) They are damages awarded to the party that is injured by a breach of contract but cannot establish actual damages.
C) They are damages for nonperformance that are stipulated in a clause in the contract.
D) They are damages designed to place the non-breaching party in the position that party would have enjoyed had the terms of the contract been performed.
A
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When advertisements are used at special intervals with none in-between, which media budgeting method is being used?
A) continuous B) gross impressions C) pulsating D) flighting, or discontinuous
Does the Retained Earnings account that appears in the balance sheet credit column of a work sheet reflect the beginning or the ending balance in the account? Explain
You were left $100,000 in a trust fund set up by your grandfather. The fund pays 6.5% interest. You must spend the money on your college education, and you must withdraw the money in 4 equal installments, beginning immediately. How much could you withdraw today and at the beginning of each of the next 3 years and end up with zero in the account?
A. $24,736 B. $26,038 C. $27,409 D. $28,779 E. $30,218
The accounting for employee stock options involves the firm debiting _____ and crediting _____ for the amortized amount of the fair value of the stock options on the date of the grant over the requisite service period
a. Compensation Expense; Additional Paid-In Capital (Stock Options) b. Stock Option Expense; Additional Paid-In Capital (Stock Options) c. Stock Option Expense; Retained Earnings d. Compensation Expense; Retained Earnings e. Compensation Expense; Common Stock