Peer Review Reports

question 18

Multiple Choice

Peer review reports

• A) begin by enumerating the negative points.
• B) support criticism by offering specific examples.
• C) are never written in memo format.
• D) avoid offering suggestions or resources.
• E) end by re-emphasizing all the negative points.

---

Definitions:

Unrealized Loss

A loss that results from holding onto an asset that has decreased in price, but has not yet been sold.

Tax Rate

The rate at which the government imposes taxes on the income or earnings of a person or a company.

Deferred Tax Asset

Represents future tax relief for a company, arising from deductible temporary differences, carryforward losses, or credits.

Accrued Product Warranty Costs

Costs that have been incurred but not yet paid for product warranties, recognized as liabilities on the balance sheet.