Hayward Corporation Had Net Sales of $610,000 and Cost of Goods

question 34

Multiple Choice

Hayward Corporation had net sales of $610,000 and cost of goods sold of $360,000 for the just completed year.Shown below are the beginning and ending balances for the year of various accounts: The company prepares its statement of cash flows using the direct method. On its statement of cash flows,what amount should Howard show for its net sales adjusted to a cash basis (i.e. ,cash received from sales) ?

• A)$616,000
• B)$623,000
• C)$625,000
• D)$595,000

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