Dora Is Three and a Half Years Old

question 76

Multiple Choice

Dora is three and a half years old.She is likely to be able to

• A)roller skate successfully.
• B)skip rope by alternating feet.
• C)carry a 16-pound object.
• D)hop thrice with both feet.

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Definitions:

Temporary Accounts

Accounts used to record transactions during an accounting period, which are then transferred to permanent accounts at the end of the period.

Permanent Accounts

The balance sheet accounts that carry their ending balances into the next accounting period.

Accounting Period

A specific time period at the end of which an organization prepares financial statements.

Balance Sheet Accounts

Accounts that make up the financial statement showing a company's assets, liabilities, and equity at a specific point in time.