Twelve-Month-Old Ahmed Pointed to an Airplane Flying Overhead and Said

question 31

Multiple Choice

Twelve-month-old Ahmed pointed to an airplane flying overhead and said "Bird!" This is an example of the Piagetian process of

• A) concrete operations.
• B) accommodation.
• C) preoperational thought.
• D) assimilation.

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Definitions:

Notes Receivable

A customer’s written promise to pay an amount and possibly interest at an agreed-upon rate.

Allowance Method

The method of accounting for uncollectible accounts that provides an expense for uncollectible receivables in advance of their write-off.

Receivables

All money claims against other entities, including people, business firms, and other organizations.

Written Off

The process of recognizing that a portion of a company's assets or receivables has decreased in value and is unlikely to be recovered, thus removing it from the balance sheet.