Wister Corporation Had Net Sales of $462,000 for the JustA)$488,000 B)$436,000 C)$462,000 D)$445,000

The Answer of Wister Corporation Had Net Sales of $462,000 for the JustA)$488,000 B)$436,000 C)$462,000 D)$445,000

Wister Corporation Had Net Sales of $462,000 for the JustA)$488,000 B)$436,000 C)$462,000 D)$445,000

The Answer of Wister Corporation Had Net Sales of $462,000 for the JustA)$488,000 B)$436,000 C)$462,000 D)$445,000

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

question 6

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) ?
$\begin{array} { l r r } & \text { Ending } & \text { Beginning } \\\text { Cash................... } & \$ 105,000 & \$ 132,000 \\\text { Accounts receivable...... } & \$ 168,000 & \$ 142,000 \\\text { Inventory................. } & \$ 472,000 & \$ 536,000 \\\text { Accounts payable........ } & \$ 74,000 & \$ 91,000 \\\text { Retained earnings....... } & \$ 364,000 & \$ 292,000\end{array}$

Definitions:

FIFRA

The Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA) governs the registration, distribution, sale, and use of pesticides in the United States.

TSCA

The Toxic Substances Control Act, a United States law passed by Congress in 1976 designed to regulate the introduction of new or already existing chemicals.

Premanufacturing Notice

A requirement under environmental law for manufacturers to notify a government agency before producing or importing new chemicals.

EPA

The Environmental Protection Agency, which focuses on the conservation of the environment and protecting human health through the enforcement of regulations.