JBS IncRecently Reported Net Income of $4,750 and Depreciation of $885

question 22

Multiple Choice

JBS Inc.recently reported net income of $4,750 and depreciation of $885.How much was its net cash provided (used) by operations, assuming it had no amortization expense, added $200 to inventories, sold none of its fixed assets, and had a $200 increase in accounts payable?

• A) $4,831.31
• B) $5,085.59
• C) $5,353.25
• D) $5,635.00
• E) $5,916.75

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Definitions:

Vickery Auctions

An auction format where the highest bidder wins but pays the second-highest bid, encouraging true value bidding.

Sealed-bid Auctions

A bidding process where all bidders submit their bids confidentially, with the highest bid usually winning the item or contract.

Bid-rigging

A form of fraud in which competitors agree in advance who will win a bidding process, undermining fair competition.

Sealed-bid Auctions

Auctions in which all bidders simultaneously submit sealed bids to the auctioneer, with no bidder knowing the bid of any other participant.