Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Ethical Dilemma, Financial Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized.

According to the Washington Post, white and male victims often receive larger awards than people of color and women in similar cases, based on the Post’s research of more than two dozen lawyers and forensic economists, who make the calculations.

Questions:
1. What are the two tenets of the American justice system discussed in this valuation article?
2. Which Act has outlawed the practice of charging women more for health insurance than men?
3. After reading the article, what was the most interesting issue you discovered?
4. Briefly discuss the G.M.M. case from beginning to end, including valuation amounts and final settlement.

Source:
Soffen, K. (2016). In one corner of the law, minorities and women are often valued less. Washington Post, Oct. 25 (Retrievable online at https://www.washingtonpost.com/graphics/business/wonk/settlements/)

money_ball