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

question 13

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

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Definitions:

Minimum Wage

The lowest legally allowable pay per hour for workers.

Real Wage Rate

The purchasing power of wages when adjusted for inflation, indicating the quantity of goods and services that can be bought.

Minimum Wage

The lowest legal salary that employers can pay their workers.

Million People

Denotes a population or group size consisting of approximately one million individuals.