What is EBT?

Accounting Dec 18, 2020

What is EBT?

Expert Solution

EBT stands for earnings before tax, which is actually a line item in a business entity's income statement. It's the result of deducting from the revenue the cost of goods sold or cost of sales and all other expenses, except tax. It's precisely called EBT because the taxes are yet to be deducted from its value.

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