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

question 23

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 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