When a Child No Longer Plays the Game of Monopoly

question 120

Multiple Choice

When a child no longer plays the game of Monopoly mechanically and is able to understand the complex and hypothetical transactions unique to each game,the child has most likely reached which stage of cognitive development?

• A) sensorimotor
• B) preoperational
• C) concrete operational
• D) formal operational

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Definitions:

Cash Receipts

Cash receipts are the records of all cash inflows, representing money received by a business, typically from its operational activities like sales or services.

Accrue Employee Salaries

The process of recognizing the cost of salaries earned by employees but not yet paid to them.

Salaries Expense

An income statement item representing the total amount paid to employees in the form of salaries and wages during an accounting period.

Salaries Payable

A liability account that records the amount of salaries owed to employees but not yet paid.