Net Income Before Taxes Is Found by Deducting Operating Expenses

question 235

True/False

Net income before taxes is found by deducting operating expenses from gross profit.

---

Definitions:

Redo Button

A feature in many software applications that reverses the last undo action, allowing users to restore actions or changes that were previously undone.

Undo Action

A feature in software applications that allows users to revert the last change they made to a document or file.

Adjacent Cells

Cells that are directly next to one another in a spreadsheet or table, either horizontally or vertically.

Range

A selection of cells spreading across rows and columns within a spreadsheet.