One Way a Parent Can Tell That His or Her

question 66

Multiple Choice

One way a parent can tell that his or her adolescent is beginning to develop formal operational thinking is by the appearance of _______________thinking.

• A) informal
• B) formal
• C) abstract
• D) literal

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Definitions:

Credits

Accounting entries that increase liability or equity accounts, or decrease asset or expense accounts.

Liabilities

Financial obligations or debts that a company owes to others, which must be settled over time through the transfer of assets, provision of services, or other means.

Debits

Accounting entries that result in an increase in assets or expenses and a decrease in liabilities, equity, or income.

Credits

In accounting, credits are entries that decrease assets or increase liabilities and equity on a company's balance sheet.