Which of the Following Statements Most Accurately Describes Piaget's Level

question 3

Multiple Choice

Which of the following statements most accurately describes Piaget's level of cognitive development in the preschool child called centration?

• A) When the child sees the larger glass as having more,when the same volume of fluid is poured into two glasses of different shapes and sizes
• B) When the child quickly becomes frightened when a familiar person puts on a mask,and the child is no longer able to recognize that person
• C) When the child identifies the laundry bin but throws clothing,garbage,and toys in it
• D) When the child understands that things do not disappear even if the child cannot see them

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Definitions:

Residual Value

The estimated value that an asset will realize upon its sale at the end of its useful life.

Material Amount

A sum of money that is large enough to influence the economic decisions of users based on the financial statements of an entity.

Reporting Period

The specific time span covered by financial statements, typically one fiscal year or quarter, for which an entity reports its financial performance and position.

Carrying Amount

The book value of assets and liabilities, calculated as the original cost minus any accumulated depreciation, impairment, or amortization.