Jimmy jones was on his way to work when he was hit


Question: Jimmy Jones was on his way to work when he was hit broadside by a truck that ran a red light. Jimmy suffered twenty seven broken bones, numerous lacerations, and a variety of other medical problems. Mr. Jones was in the hospital for two months and he has been recovering at home for the past four months. He is certain that he will never be able to work again. At the time of the accident, Mr. Jones was 35 years old. The insurance company for the trucking company that hit Jimmy Jones is not sure that he is completely disabled and they intend to contest that issue. You have been hired as a financial expert witness by the attorney of Jimmy Jones to assist in this case. You have visited Jimmy several times and you are certain he is never going to return to his pre-accident health.

a. What is your role in supporting Jimmy's disability claim?

b. What are the possible/probable components of Jimmy's economic damage claim?

c. What information will you seek from Jimmy/his lawyer and what information/research will you pursue on your own?

d. What information, if any, will you seek from Jimmy's attorney about the nature and severity of Jimmy's injuries and the extent of his disability?

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Accounting Basics: Jimmy jones was on his way to work when he was hit
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