Match the Terms with the Definitions

question 18

Multiple Choice

Match the terms with the definitions.
-A principle that requires assets to be recorded at their actual cost.

• A)Adjusted Trial Balance columns
• B)Adjusting entries
• C)Balance Sheet columns
• D)book value
• E)contra-asset
• F)depreciable cost
• G)depreciation
• H)fiscal year
• I)historical cost principle
• J)Income Statement columns
• K)market value
• L)matching principle
• M)plant assets
• N)salvage value
• O)straight-line method
• P)undepreciated cost
• Q)useful life
• R)work sheet

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Definitions:

Preoperational

A stage in Piaget's theory of cognitive development, occurring from approximately 2 to 7 years of age, characterized by symbolic thought but not yet capable of logical operations.

Second-Order Operations

Second-order operations refer to the ability to think about thoughts themselves, involving complex cognitive processes like reflection and abstraction, often developing during adolescence.

Abstract Operations

A stage of cognitive development according to Piaget, characterized by the ability to think logically about abstract concepts and hypothetical situations.

Concrete Operations

A stage in cognitive development, as described by Piaget, where children gain the ability to think logically about concrete, tangible objects and events.