Which of the following statements best differentiates compensatory and punitive damages in civil litigation?
A) Compensatory damages are meant to reward a plaintiff, while punitive damages are meant to reward a defendant.
B) Compensatory damages are meant to compensate a plaintiff's loss, while punitive damages are meant to deter similar misconduct by the same defendant or other parties in the future.
C) Compensatory damages are meant to reward a defendant, while punitive damages are meant to punish a claimant.
D) Compensatory damages are benefit streams the plaintiff would have received if not for the injury, while punitive damages are the benefit streams the plaintiff will receive for future damages.
Question 2
The amount of the Petty Cash Fund should be included on the bank reconciliation as
a. an addition to the book balance of cash.
b. an addition to the bank statement balance.
c. a deduction from the bank statement balance.
d. a part of a late deposit.
e. The Petty Cash Fund is not included on the bank reconciliation.
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