You have been temporarily assigned to a large program involving foreign military customers. Duringa planning session, the program manager assigns you to host a dinner at a local restaurant, as part of aprogram review with the customer. The program manager gives you a suggested menu that turns out to cost $74.00 per person.

How will you handle this situation?

A. Follow the program manager’s instructions because you recall that this was allowed under hospitality guidelinesunder the Foreign Corrupt Practices Act (FCPA).

B. Contact the company legal counsel for guidance.

C. Report the matter to the Ethics Office, because you are concerned about the possible appearance of bribery, and thepossibility of fines to you and the company

D. Discuss it off-line with the program manager--make sure the costs are in compliance with the Foreign CorruptPractices Act.

Exercise 4-6 the following balances were taken from the books of alonzo corp. on december 31, 2017. interest revenue $86,000 accumulated depreciation—equipment $40,000 cash 51,000 accumulated depreciation—buildings 28,000 sales revenue 1,380,000 notes receivable 155,000 accounts receivable 150,000 selling expenses 194,000 prepaid insurance 20,000 accounts payable 170,000 sales returns and allowances 150,000 bonds payable 100,000 allowance for doubtful accounts 7,000 administrative and general expenses 97,000 sales discounts 45,000 accrued liabilities 32,000 land 100,000 interest expense 60,000 equipment 200,000 notes payable 100,000 buildings 140,000 loss from earthquake damage 150,000 cost of goods sold 621,000 common stock 500,000 retained earnings 21,000 assume the total effective tax rate on all items is 34%. prepare a multiple-step income statement; 100,000 shares of common stock were outstanding during the year. (round earnings per share to 2 decimal places, e.g. 1.48.)