Laura and Kyle Are Sitting Next to Each Other and Are

question 10

Multiple Choice

Laura and Kyle are sitting next to each other and are drawing pictures. Periodically, they will trade crayons and comment on the other's picture. This is an example of

• A)parallel play.
• B)simple social play.
• C)co-operative play.
• D)pretend play.

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Definitions:

Cost of Goods Sold

Outlays that directly contribute to the manufacture of goods sold by a company, comprising labor and materials.

Cash Basis

An accounting method that recognizes revenues and expenses only when money is actually received or paid out.

Sales Adjusted

The revision of sales figures to reflect returns, allowances for damaged goods, or changes due to promotional strategies, providing an accurate net sales number.

Cash Basis

An accounting method where revenues and expenses are recognized only when cash is received or paid, respectively, not when the transactions occur.