When Children Work in Small Groups on Specific Projects

question 20

Multiple Choice

When children work in small groups on specific projects

• A) children can acquire new ideas through discussion.
• B) children work more time on a task because of peer presence.
• C) None of the above.
• D) All of the above.

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Definitions:

Income Summary

A temporary account used to transfer the revenues and expenses for an accounting period to the Retained Earnings account.

Retained Earnings

The total earnings of a company so far, minus any dividends or distributions given out to shareholders.

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent ones, preparing the books for the next period.

Retained Earnings

The portion of net income left over after dividends are paid out to shareholders, reinvested into the company's operations.