The 2012 News of a Massive Alleged Bribery Scheme Involving

question 7

Multiple Choice

The 2012 news of a massive alleged bribery scheme involving Wal-Mart has brought charges against the company under the

• A) Securities Act of 1933.
• B) Securities Act of 1934.
• C) Foreign Corrupt Practices Act of 1977.
• D) Sarbanes-Oxley Act of 2002.

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Definitions:

U.S. Dollars

The currency of the United States, used as the standard unit of money for transactions within the country and internationally.

Translation Adjustment

An adjustment made in the process of converting the financial statements of a company into the currency of another country, reflecting changes in exchange rates.

Parent Company

A company that holds a controlling interest in another company, making the latter its subsidiary.

Financial Statements

Papers that offer a summary of a corporation's financial status, featuring the balance sheet, income statement, and cash flow statement.