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A 9-year-old would be in what Piagetian stage? Describe two tasks that they would be able to do that they could not do at the previous stage.
Private Sector
The part of the economy that is owned and operated by individuals and companies for profit, and is not controlled by the state.
Financial Accounting Standards Board
An independent organization responsible for establishing and improving financial accounting standards in the United States.
Economic Entity Assumption
A fundamental principle in accounting that separates the transactions of a business from those of its owners or other businesses.
Sole Proprietorship
A business structure owned by a single individual, where the owner is personally responsible for all financial obligations and liabilities.
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