Wayne Is Pretty Good at Certain Things, Such as Solving

question 47

Multiple Choice

Wayne is pretty good at certain things, such as solving problems and counting up to 20 objects; however, he is not very good at explaining why he solves problems in particular ways. Wayne is probably still in what substage of development?

• A) Intuitive substage of the preoperational period
• B) Preconceptual substage of the preoperational period
• C) Concrete operational substage
• D) Formal operational substage

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Definitions:

Unearned Revenue

Money received by a business for goods or services yet to be provided, recorded as a liability until earned.

Liability Account

An accounting record that shows the current and future financial obligations a company owes to others.

Asset Account

An account on a company's balance sheet that represents a resource controlled by the company from which future economic benefits are expected.

Depreciation

Systematically spreading the expense of a tangible asset across its life expectancy.