Two Accounts That Would Appear on the Financial Statements of a Merchandising

question 35

Multiple Choice

Two accounts that would appear on the financial statements of a merchandising company that are not needed by a service company are:

• A)cost of goods sold and depreciation.
• B)cost of goods sold and net income.
• C)cost of goods sold and inventory.
• D)inventory and depreciation.

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Definitions:

Solitary Play

A form of play where a child plays alone, using their creativity and imagination without interacting with other children.

Associative Play

A stage of play in early childhood where children play together, engaging in similar activities or sharing materials without having a formal organization or goals.

Intrinsic Motivation

The drive to engage in activities for the inherent satisfaction or pleasure derived from the activity itself, rather than for some separable consequence.

Mildred Parten

An American sociologist known for her work on the social development of children and her study on children's play.