Wister Corporation had 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 sales adjusted to a cash basis (i.e., cash received from sales)?
A) $488,000
B) $436,000
C) $462,000
D) $445,000

Question

Wister Corporation had 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 sales adjusted to a cash basis (i.e., cash received from sales)?
A) $488,000 
B) $436,000 
C) $462,000 
D) $445,000

Quizplus · Accepted Answer

The Answer of Wister Corporation had 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 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 Corporation Had Sales of $462,000 for the Just Completed