Caleb,age 3,is in Which of Piaget's Stages of Cognitive Development

question 114

Multiple Choice

Caleb,age 3,is in which of Piaget's stages of cognitive development?

• A)sensorimotor
• B)preoperational
• C)concrete operational
• D)formal operational

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Definitions:

Contra Asset Account

An account on a balance sheet that reduces the value of an associated asset account, such as accumulated depreciation.

Accumulated Depreciation

Accumulated depreciation is the total amount of depreciation expense that has been recorded for an asset, representing how much of its value has been depleted over time.

Cost Expiration

A concept in accounting indicating the point at which a cost becomes an expense, typically when a cost directly contributes to generating revenue.

Intangibles

Assets that lack physical substance, such as patents, trademarks, and goodwill, which can still provide economic benefit to the business.