Please help me with these questions! Thanks. Need them now

19 14) Cost of goods sold represents the cost of buying and preparing merchandise for sale. O False O True 15) The amount of gross profit for a merchandising business will be the same 18 under both the accrual basis and the cash basis of accounting. O True O False 16) Wholesalers O All of the above Buy products from manufacturers and sell to consumers Buy products from manufacturers and sell to retailer Buy products from other wholesalers and sell to consumers 0 Buy products from retailers and sell to consumers 17) Gross profit is O Net sales less cost of goods sold O A special general ledger account Only calculated when using the perpetual inventory system O The same as profit O Subtracted from operating income to get profit