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Use the following information for questions:
Pluto Co.borrowed $25,000 on September 1, 2010 on a nine-month, 8% note.Interest and principal are due at maturity.
-The total liability reflected on the December 31, 2010 balance sheet concerning this note would be closest to:
Formal-Operational Thought
A stage in Piaget's theory of cognitive development where individuals develop the ability to think about abstract concepts, hypothetical situations, and use logic.
Piaget's Ideas
The theories of cognitive development proposed by Jean Piaget, emphasizing how children progress through distinct stages of development.
Transitivity
Principle that says if a relation holds between a first object and a second object, and holds between the second object and a third object, then it holds between the first object and the third object. Piaget argued that an understanding of transitivity is characteristic of concrete operational thought.
Logical
Pertaining to the use of reason and systematic thinking to analyze and form judgments.
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