2. Your client Abe wins a lawsuit against his former employer for defamation of character....
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Accounting
2. Your client Abe wins a lawsuit against his former employer for defamation of character. His former employer had wrongly accused him of stealing from the company. Abe is awarded $100,000 in compensatory damages and $200,000 in punitive damages. How much of the settlement must be included in Abe's income? a. $0 b. $100,000 c. $200,000 d. $300,000
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