Kerby Company has prepared the following Balance Sheets for 2023 and 2022. 12/31/23 $ 56 41...

  

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Kerby Company has prepared the following Balance Sheets for 2023 and 2022. 12/31/23 $ 56 41 579 (170) $506 Cash Accounts receivable Fixed assets Accumulated depreciation Accounts payable Mortgage payable Preferred stock Additional Paid-In Capital - preferred Common stock Retained earnings $74 20 181 70 100 61 $506 a. Net Cash Provided by Operations is $_ b. Net Cash Used by Investments is $_ c. Net Cash Provided by Financing is $ 149 138 12/31/22 $ 40 42 1. On 8/1/23, Kerby sold a fixed asset with a cost of $91 and book value of $66 for $67. 2. Retained Earnings was adjusted by dividends and net income only. 3. Net Income in 2023 was $80. 5 465 (140) $407 $ 60 99 100 40 100 8 $407 Kerby Company has prepared the following Balance Sheets for 2023 and 2022. 12/31/23 $ 56 41 579 (170) $506 Cash Accounts receivable Fixed assets Accumulated depreciation Accounts payable Mortgage payable Preferred stock Additional Paid-In Capital - preferred Common stock Retained earnings $74 20 181 70 100 61 $506 a. Net Cash Provided by Operations is $_ b. Net Cash Used by Investments is $_ c. Net Cash Provided by Financing is $ 149 138 12/31/22 $ 40 42 1. On 8/1/23, Kerby sold a fixed asset with a cost of $91 and book value of $66 for $67. 2. Retained Earnings was adjusted by dividends and net income only. 3. Net Income in 2023 was $80. 5 465 (140) $407 $ 60 99 100 40 100 8 $407

Answer rating: 100% (QA)

a Net Income 80 Decrease in Ac receivables 1 C4241 Increased in Ac payables 74 60 2 14 2 Deprec... View the full answer