Ashley received a civil judgement against Sales Associate Betsy. The judge awarded Ashley $10,000 in compensatory damages and $8,000 in punitive damages. Court costs amounted to $3,000. Because Betsy had insufficient assets to satisfy the judgment, Ashley made a claim to the Recovery Fund, which was accepted. What is the maximum amount that the Recovery Fund reimburse Ashley? 10,000 8000 21000 18000
Ashley received a civil judgement against Sales Associate Betsy. The judge awarded Ashley $10,000 in compensatory damages and $8,000 in punitive damages. Court costs amounted to $3,000. Because Betsy had insufficient assets to satisfy the judgment, Ashley made a claim to the Recovery Fund, which was accepted. What is the maximum amount that the Recovery Fund reimburse Ashley? 10,000 8000 21000 18000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Ashley received a civil judgement against Sales Associate Betsy. The judge awarded Ashley $10,000 in compensatory damages and $8,000 in punitive damages. Court costs amounted to $3,000. Because Betsy had insufficient assets to satisfy the judgment, Ashley made a claim to the Recovery Fund, which was accepted.
What is the maximum amount that the Recovery Fund reimburse Ashley?
10,000
8000
21000
18000
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