Which One of the Following Examples Best Illustrates Piaget's Concept

question 2

Multiple Choice

Which one of the following examples best illustrates Piaget's concept of object permanence?

• A) Two-year-old Jasmine looks for a favorite toy her father has just hidden in a box.
• B) Six-year-old Lucas thinks that his recently deceased grandfather is still alive.
• C) Ten-year-old Margaret glues the pieces of a vase she has just broken, claiming that she'll make it look "good as new."
• D) Fifteen-year-old Kenneth finally understands his geometry teacher's statement that two parallel lines might go on forever without ever touching.

---

Definitions:

Long-term Lease Obligation

A financial commitment that involves leasing an asset for a long-term period, noted on the balance sheet as a liability.

Capital Lease

A Capital Lease is a lease agreement that has the characteristics of a purchase agreement for accounting purposes.

Present Value

The current value of a future amount of money or stream of cash flows given a specified rate of return.

Executory Costs

Refers to the costs related to executing a lease that are neither initially capitalized nor recognized in the income statement immediately, typically involving future operating expenses under a lease agreement.