Determine the Missing Amount for Each of the Following

question 57

Essay

Determine the missing amount for each of the following. $\begin{array}{rrrr}& \underline{\text { Assets }}&=\underline{\text { Liabilities }}+& \underline{\text { Owner's Equity }}\\1 . & (a) & \$ 55,000 & \$ 95,000 \\2 . & \$ 125,000 & (\mathrm{~b}) & \$ 85,000 \\3 . & \$ 160,000 & \$ 65,000 & (\mathrm{c})\end{array}$

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Definitions:

Preoperational

A stage in Jean Piaget's theory of cognitive development during which children aged approximately 2 to 7 years old develop memory and imagination.

Formal Operational

A stage in Piaget's theory of cognitive development where individuals gain the ability to think abstractly, systematically, and logically.

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or otherwise sensed, a concept typically developed during infancy.

Sensorimotor Substage

A phase in Piaget's theory of cognitive development, where infants learn through interacting with the world via their senses and actions.