Russell Meets with an Accident While Driving Under Intoxication and Injures

question 37

Multiple Choice

Russell meets with an accident while driving under intoxication and injures Nolan.Nolan obtains a judgment against Russell but cannot collect because Russell has neither insurance nor resources.As a result, Nolan is compensated from unsatisfied judgment fund.Identify Russell's punishment.

• A)Russell has to spend 5 years in county prison.
• B)Russell's driving privileges is suspended until the fund is reimbursed.
• C)Russell has to work for the fund until the fund is reimbursed.
• D)Russell will not be able to find a white-collar job till the fund is reimbursed.
• E)Russell cannot receive auto insurance till the fund is reimbursed.

---

Definitions:

Revenue

Revenue is the total amount of money that a company receives from its activities, mainly from sales of products or services, before any expenses are subtracted.

Original Cost

The purchase price of an asset or service, including installation fees, transportation charges, and any other expenses necessary to make the asset operational.

Depreciation Expense

This refers to the allocation of the cost of a tangible asset over its useful life, representing how much of the asset's value has been used up during an accounting period.