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

11ea7761_15a7_9b0d_81a5_c3ac879de99b_TB2580_00

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