Post a 100-200-word response to the following: 

  • What are some methods you might use to determine the reliability of data you gather? Why is it important to analyze your data to determine if it is reliable? 
  • Chapters 5 & 6 of Critical Thinking cover fallacies and rhetoric. According to the text, what are two examples of persuasion that are not valid arguments? Why are these invalid arguments?

Post a 150-200 – word response for each of the following (bulleted) questions:


  • What are accruals? Provide examples of accruals. Why do accruals require adjusting entries?
  • What types of accounts are debited and credited in an unearned revenue adjusting entry?
  • With the Revenue Recognition Principle, How is the  balance sheet affected?
  • Name a circumstance when Cash Basis Accounting would be appropriate?  
  • What are deferrals? What are some examples of deferrals? Why do deferrals require adjusting entries?
  • What is the revenue recognition principle? What is the expense recognition principle? Why are these important to financial reporting?


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