Jake Is Playing Hide-And-Seek with His Mother

question 223

Multiple Choice

Jake is playing hide-and-seek with his mother. Jake runs over to the couch and hides his head under a pillow. Because Jake cannot see anything, he doesn't think his mother can see him. Jake is exhibiting a behavioral characteristic of which of Piaget's cognitive stages of development?

• A)postformal stage
• B)concrete operational stage
• C)formal operational stage
• D)preoperational stage

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Definitions:

Revenue Recognition

The guideline in accounting that determines the precise situations where revenue should be recognized or reported.

Future Event

An occurrence or situation that has not yet happened but is anticipated or expected to occur in the course of business or life.

Accounts Receivable

Amounts owed to a business by its customers for goods or services delivered on credit.

Revenue Recognition

A principle guiding how and when revenue is recognized in the accounting records, generally when earned and realizable.