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

question 6

Multiple Choice

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

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Definitions:

Carrier

An individual or entity that transports substances or genetic information from one place to another, such as a person who carries and can pass on a genetic mutation without exhibiting symptoms of the disease.

Dominant X-Linked Trait

A genetic characteristic encoded on the X chromosome that is expressed in individuals with only one copy of the gene.

Recessive Y-Linked Trait

A genetic characteristic controlled by a gene on the Y chromosome that is expressed only when present on a male's Y chromosome without a dominantly acting allele on the X chromosome.

Chromosome Deletion

A mutation involving the loss of a segment of DNA from a chromosome, potentially leading to genetic disorders or diseases due to the missing genes.