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James, a Spanish otizen, works in the United States as the head of marketing for SpainCorp, a largo Spanish company traded on NASDAQ. Ho learns

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James, a Spanish otizen, works in the United States as the head of marketing for SpainCorp, a largo Spanish company traded on NASDAQ. Ho learns that SpainCorp will win a large contract in North Africa if he approves a $200,000 payment to the responsible government official. What can Juan do under the FCPA? a. Nothing - Juan must refuse to send the payment. b. Send the payment, because the FCPA doesnt cover foreign individuals or companies. C. Telephone a SpainComp representative in North Alrica and tell him to handle the deal, because the FCPA doesn't apply outside the United States. d. Document the payment as a miscellanecus expense bofore approving the deal. QUESTION 7 Accordinng to accouning nsles, companies must record investments (stocks, bonds etc.) at: a. fair value b.cosit c. the lewer of cost or net realizable value d. which ever method they deem mast approrpriate

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