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Evaluate the following argument in accordance with the criteria discussed in the text.
Sharon has observed that her teacher sometimes seems to be in a bad mood and speculates why. "Well," she thinks, "it seems to happen only when people haven't done their assignments. That must be it."
Unearned Revenues
Money received by a business for services or goods not yet delivered or rendered to the customer.
Profit Margin
A financial metric that measures the amount by which revenue from sales exceeds costs in a business, expressed as a percentage of revenue.
Periodic Reporting
The process of preparing and presenting financial statements at regular intervals, typically quarterly or annually.
Time Period Assumption
An accounting principle that allows the business activities to be divided into artificial time periods for financial reporting.
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