Question 2 (7 Points) 3. a. Critically evaluate Reserve Recognition Accounting (RRA). - Is it relevant? explain - Is it reliable? explain As a manager, do you like to report such information? explain - As an investor, do you like oil and gas companies to provide such information? explain - Why do regulators require RRA to be reported as supplementary information? - What another example of present value accounting? 4. b. Identify and briefly explain four reasons why share prices of different firms might react differently to earnings announcements even when these firms report the same amount of unexpected earnings