Sarai Has Started a New Preschool

question 156

Multiple Choice

Sarai has started a new preschool. She hangs around a group of girls, watching them play with dolls for a while. Then she suggests that they play a wedding with the dolls, and joins in. Sarai is likely to be _____ by the group, based on her behavior pattern.

• A)accepted
• B)rejected
• C)neglected
• D)ignored

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Definitions:

Fair Value

A measure of the value of an asset or liability based on current market prices.

Replacement Cost

The expense of replacing an asset at its current market price.

Net Realizable Value

The estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation.

Restricted Fund

Funds that are designated for a specific purpose by the donor or governing authority, limiting their use by the recipient organization.