Sparks Company reported sales revenue of $360,000, operating expenses of $50,000, and a net loss...
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Accounting
Sparks Company reported sales revenue of $360,000, operating expenses of $50,000, and a net loss of $45,000 for the most recent fiscal year. What amount did Sparks report for cost of goods sold?
A : $265,000
B : $405,000
C : $355,000
D : $410,000
When I do this problem for cost of goods sold i subtract operating expenses from sales revenue and get $310,000. can someone explain if this is the correct formula if not can you show me?
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