Royalties Resulting from a Non-Trade or Non-Business Activity Should Be

question 77

True/False

Royalties resulting from a non-trade or non-business activity should be reported on a Schedule E.

---

Definitions:

Private Speech

Talking aloud to oneself with no intent to communicate with others.

Egocentrism

A cognitive characteristic of young children's thought, where they have difficulty understanding perspectives other than their own.

Piaget

Refers to Jean Piaget, a Swiss psychologist known for his pioneering work in the study of child development and his theory of cognitive development.

Vygotsky

A Russian psychologist known for his work on cognitive development, particularly his theory on the social development of children and the importance of cultural and interpersonal interactions.