Which of the Following Is a Common Characteristic Associated with an Award

question 38

Multiple Choice

Which of the following is a common characteristic associated with an award of special damages?

• A) They relate to out-of-pocket expenses resulting from an injury-causing event.
• B) They are the exception to the general rule of damages awarded for injury.
• C) They are based on diminished earning capacity resulting from the injury.
• D) They are another form of non-pecuniary damages arising from tangible losses.

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Definitions:

Capital Gain Distributions

The payments made to mutual fund shareholders from the fund's sale of stocks or assets, subject to capital gains taxes.

Mutual Fund

An investment vehicle made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, and other assets.

Schedule D

Schedule D is a tax form used to report capital gains or losses from the sale of capital assets, including stocks, bonds, and real estate.

Average Cost

A method of calculating the cost of inventories based on the average cost of all similar goods available during the period.