The Following Information Is Available for the Arthur Corporation

question 167

Essay

The following information is available for the Arthur Corporation:
Additional information:
(1) There was no gain or loss on the sales of the long-term investments,nor on the bonds retired.
(2) Old equipment with an original cost of $37,550 was sold for $2,100 cash.
(3) New equipment was purchased for $67,550 cash.
(4) Cash dividends of $33,600 were paid.
(5) Additional shares of stock were issued for cash.
Required: Prepare a complete statement of cash flows for the 2013 calendar year using the direct method.

---

Definitions:

Outsourcing

The business practice of hiring external parties to perform services or create goods that traditionally were performed in-house by the company's own staff.

Standards of Service

Benchmarks set by an organization to measure the quality of service delivered to its customers, ensuring consistency and satisfaction.

Contracts

Legally binding agreements between two or more parties that define and govern the rights and duties pertaining to a particular arrangement.

Core Work

The primary or essential tasks and responsibilities that are central to a job or organization’s operational goals.