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At the beginning of 20X1,Rally Ltd.acquired 18% of Neily Co.for $90,000.Rally has significant influence over Neily.Rally records the investment in Neily using the cost method.Rally's share of Neily's income was $29,000 for 20X1 and $33,000 for 20X2.Rally received dividends from Neily of $25,000 for 20X1 and $35,000 in 20X2.For reporting purposes in 20X2,what adjustment must be made to recognize Rally's share of Neily's 20X2 income?
Accommodation
Piagetian concept of adjusting schemes to fit new information and experiences.
Assimilation
Piagetian concept of the incorporation of new information into existing knowledge.
Equilibrium
A state of balance or stability within a system, achieved when opposing forces or influences are equal.
Cognitive Development
The construction of thought processes, including remembering, problem solving, and decision-making, from childhood through adolescence to adulthood.
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