Thas expad. The timer will continue to run if you leave the test Your answers are saved automatically Remaining Time: 1 hour, 40 minutes, 40 seconds. Question Completion Status: Moving to another question will save this response. Question 5 According to the accounting cycle before we journalize a transaction we analyze and before we post the transaction we prepare a trial balance True False Moving to another question will save this response H OL Que 2 polna Quest 100 ENG CMS 40 Minutes, 26 seconds. Question Completion Status: Moving to another question will save this response. Question 6 An indirect cost is not directly traceable to a product and a sunk cost is one that has occured in the past and is irrelevant to any present decision. O True Question 2 points False Moving to another question will save this response. OLOGO ENG W CMS Question 6 of Remaining Time: 1 hour, 40 minutes, 14 seconds. Question Completion Status: Moving to another question will save this response Question 7 Liquidity ratios indicate the ability of a company to meet short term obligations and profitability ratios indicate managements overall effectiveness True False Moving to another question will save this response. Quest 2 points Question ENG d CMS