Short corp. reported net income of $63,000 for the year and had a tax rate of 30%. net sales were $300,000 and operating expenses were $90,000 for the year. assuming there were no other revenues and expenses, what did short report for cost of goods sold for the year?

Cost of goods sold  : $ 120.000

Explanation:

income before taxes   : 63000 / 0.7 = 90000  

(+) expenses                                          90.000

Total                                                      180.000

(-) net sales                                         300.000

= cost of goods                                   120.000

the answer is account d

answer; /// the above statement is (false);