On February 1,20X5,Peter Co

question 25

Essay

On February 1,20X5,Peter Co.purchased 20% of the outstanding shares of Mary Inc.at a cost of $275,000.During the next two fiscal years,Mary Inc.reported the following:

Required:
a.If Peter uses the cost method for recording its investment in Mary,what would the balance in the investment account be at January 31,20X7? What would be reported on the statement of comprehensive income with respect to this investment for 20X6 and 20X7?
b.If Peter uses the equity method for recording its investment in Mary,what would the balance in the investment account be at January 31,20X7? What would be reported on the statement of comprehensive income with respect to this investment?

Understand the concept of reciprocal determinism and its role in development.

Identify and describe the components of Bronfenbrenner's bioecological theory.

Recognize the principles of operant conditioning and reinforcement in behavioral development.

Comprehend critics' perspectives on major developmental theories including Vygotsky's, Piaget's, and information processing theories.

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Definitions:

Preoperational

A stage in Jean Piaget’s theory of cognitive development where children from about 2 to 7 years old engage in symbolic play but lack operations (logical rules) for consistent reasoning.

Concrete Operational

A stage in Piaget's theory of cognitive development where children (ages 7-11) can think logically about concrete events.

Formal-Operational

Formal-operational stage is a phase in Piaget's theory of cognitive development when individuals gain the ability to think abstractly, logically, and systematically.

Intuitive Stage

A stage in Piaget's theory of cognitive development, occurring roughly between the ages of 4 and 7, where children start using intuition and perception but lack logical reasoning.