Three-Year-Olds Artie and Kurt Had Identical Boxes of Raisins at Snack

question 90

Multiple Choice

Three-year-olds Artie and Kurt had identical boxes of raisins at snack time. When Kurt poured his raisins out onto the table, Artie was sure that Kurt had more raisins. This demonstrates that Artie lacks

• A) conservation.
• B) animistic thinking.
• C) hierarchical classification.
• D) dual representation.

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Definitions:

Cost Method

The Cost Method is an accounting approach where investments are recorded at their acquisition cost, without adjustment for changes in market value.

Equity Method

An accounting technique used to record investments in which the investor has significant influence over the investee but does not control it outright, usually indicated by owning 20% to 50% of the investee's equity.

Controlling Interest

Ownership of a portion of a company that is large enough to control or influence decision-making and operations.

Significant Influence

The ability of an investor to affect decisions of the investee in which it holds a significant but not controlling interest, typically through ownership of 20% to 50% of voting shares.