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Wister Corporation Had Net Sales of $462,000 for the Just

Question 24

Multiple Choice

Wister Corporation had net sales of $462,000 for the just completed year. Shown below are the beginning and ending balances of various Wister accounts: Wister Corporation had net sales of $462,000 for the just completed year. Shown below are the beginning and ending balances of various Wister accounts: Wister prepares its statement of cash flows using the direct method. On its statement of cash flows, what amount should Wister show for its net sales adjusted to a cash basis (i.e., cash received from sales) ? A) $488,000 B) $436,000 C) $462,000 D) $445,000 Wister prepares its statement of cash flows using the direct method. On its statement of cash flows, what amount should Wister show for its net sales adjusted to a cash basis (i.e., cash received from sales) ?


A) $488,000
B) $436,000
C) $462,000
D) $445,000

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