Sales minus cost of goods sold is equal to earnings before taxes. TRUE OR FALSE?

Sales minus cost of goods sold is equal to earnings before taxes. TRUE OR FALSE??Sales minus cost of goods sold is equal to earnings before taxes. TRUE OR FALSE?
False.


Sales minus cost of goods sold is Gross profit.After subtracting Operating expenses, we get earning before taxes.Sales minus cost of goods sold is equal to earnings before taxes. TRUE OR FALSE?
FALSE. we need to include other costs such as indirect costs,depriciation etc to get EBT.
FALSE


Because after cost of goods sold we shuld deduct depreciation. Then we will arive EBIT.
No. There are other expenses, such as advertising, rent, etc.
False