A Transaction That Causes an Increase in an Asset May

question 96

Multiple Choice

A transaction that causes an increase in an asset may also cause

• A) A decrease in owners' equity
• B) An increase in another asset
• C) A decrease in a liability
• D) An increase in a liability

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Definitions:

Number Conservation

A cognitive ability in children that demonstrates their understanding that quantity remains the same despite changes in shape or arrangement.

Preoperational Thought

A stage in Piaget's cognitive development theory characterized by symbolic thinking, egocentrism, and a lack of logical reasoning in children aged 2 to 7 years.

Centration

A characteristic of preoperational thought in which the child tends to focus on one salient feature of an experience or event at a time.

Zone Of Proximal Development

In Vygotsky’s theory, the range of concepts and skills that a learner is to understand or perform only with support or scaffolding from someone else.