Brian Is 2

question 62

Multiple Choice

Brian is 2.5 years old. He dwells in his own imaginary world and represents objects that are not present. He often scribbles patterns on walls that represent cloud, trees, birds, and so on. Brian's behavior indicates that he is in Piaget's ________ of cognitive development.

• A) symbolic function substage
• B) intuitive thought substage
• C) concrete operational stage
• D) formal operational stage

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Definitions:

AASB 136

The Australian Accounting Standards Board standard that details the accounting treatment for impairments of assets.

Impairment

The action of or situation where the value of an asset is corrected downwards in the company's books to reflect a loss in value, ensuring the asset's recorded cost does not exceed its recoverable amount.

Issued Capital

The total value of a company's shares that have been issued to shareholders, representing the equity funding provided by shareholders.