Megyn Is a 3-Year-Old Who Is Working on a Craft

question 69

Multiple Choice

Megyn is a 3-year-old who is working on a craft project at preschool. She has to be repeatedly reminded to sit still, to continue working on the craft, and to stop grabbing her peers' supplies. What is the most likely explanation for Megyn's behavior?

• A) She is not artistically inclined.
• B) She is displaying normal lack of impulse control.
• C) She is not yet mature enough to be in preschool.
• D) She has ADHD.

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Definitions:

Equity

The residual interest in the assets of a company after deducting liabilities, representing the ownership interest of shareholders.

Note Payable

An obligation in the form of a promissory note, which requires the borrower to pay back the loan or debt to the lender at a future date.

General Journal

The primary accounting record used to record all types of transactions not assigned to other journals.

Equipment

Tangible property that is used in the operations of a business and has a useful life of more than one year.