The Foreign Corrupt Practices Act of 1977 Prohibits Payments to Foreign

question 80

Short Answer

The Foreign Corrupt Practices Act of 1977 prohibits payments to foreign officials for the purpose of obtaining or retaining ________.

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Definitions:

Treasury Stock

Treasury Stock refers to shares that were once part of the outstanding shares of a company but were later reacquired by the company itself.

Issued Shares

The total number of shares that have been allocated to shareholders, including both public investors and company officers.

Outstanding Shares

Refers to the total number of shares of a corporation that are currently owned by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders.

Paid-in Capital

The amount of money that a company has received from investors during common or preferred stock issuance, which is recorded in the equity section of the balance sheet.