why is answer incomplete? please help P5-2 Preparing the Statement of Cash Flows...
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why is answer incomplete? please help P5-2 Preparing the Statement of Cash Flows (Indirect Method) LO5-1, 5-2, 5-3, 5-5, 5-7 Selected financial information for Frank Corporation is presented below. Selected 2020 transactions are as follows: a. Purchased investment securities for $6,300 cash. b. Borrowed $17,600 on a two-year, 8 percent interest-bearing note. c. During 2020 , sold machinery for its carrying amount; recelved $12,950 in cash. d. Purchased machinery for $52,600; paid $10,300 in cash and signed a four-year note payable to the dealer for $42,300. e. Declared and paid a cash dividend of $11,300 on December 31, 2020. Selected account balances at December 31,2019 and 2020 are as follows: One-fourth of the sales and one-third of the purchases were made on credit. One-fourth of the sales and one-third of the purchases were made on credit. Answer is not complete. FRANK CORPORATION Statement of Cash Flows For the Year Ended December 31, 2020 Cash flows from operating activities




why is answer incomplete? please help
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