According to Comte's Approach, the Kind of Thinking Favoured by People

question 92

Multiple Choice

According to Comte's approach, the kind of thinking favoured by people such as Thomas Edison, the inventor of the light bulb, becomes common in a society at which stage of societal development?

• A) theological stage
• B) metaphysical stage
• C) scientific stage
• D) positivist stage.

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Definitions:

Retained Earnings Statement

A financial statement that summarizes the changes in retained earnings for a specific period.

Income Statement

A financial statement that provides a summary of a company’s revenues, expenses, and profits/losses over a specified period.

Stock Dividends Distributable

Shares to be issued to shareholders as part of a stock dividend, representing a portion of earnings not paid out as cash dividends.

Current Liabilities

Obligations or debts that a company must pay within a year from the date of the balance sheet.