Examlex
Which of the following represents the correct order of Piaget's stages of cognitive development?
Capital balances
The amount of money that partners or owners have invested in a business minus any withdrawals they have made from the business.
Profits
The financial gain obtained when revenues generated from business activities exceed the expenses, costs, and taxes needed to sustain those activities.
Losses
Financial conditions reflecting that expenses have exceeded revenues, resulting in a negative net income.
Annual Salary
The total amount of money an employee is paid over the course of a year for their work, typically expressed as a yearly sum rather than hourly wages.
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