Based on the Accrual Basis of Accounting, What Is Alpha-Beta-Gamma

question 50

Multiple Choice

Based on the accrual basis of accounting, what is Alpha-Beta-Gamma Corporation's net income for the year ending October 31, 2011?

• A)$114,000.
• B)$134,000.
• C)$82,000.
• D)$150,000.

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Definitions:

Concrete Operational

A stage in Piaget's theory of cognitive development where children aged 7-12 years can logically think about concrete events.

Sensorimotor

A stage in Jean Piaget's theory of cognitive development where infants from birth to about 2 years old understand the world through sensory experiences and their motor actions.

Concrete Operational

A stage in Piaget's theory of cognitive development, where children aged 7-12 start to think logically about concrete events and understand the concept of conservation.

Sensorimotor

Pertaining to the developmental stage in infants where they learn to perceive and interact with the world through their senses and motor actions.