Which One of the Following Examples Best Illustrates the Use

question 21

Multiple Choice

Which one of the following examples best illustrates the use of a personal theory as a child learns the concept spider?

• A) Ian learns that spiders have eight legs, whereas insects have only six.
• B) Rudy learns that spiders, along with scorpions and ticks, are members of the arachnid class.
• C) Duc remembers how seriously ill his cousin became when she was bitten by a black widow spider.
• D) Julian assumes that spiders must give birth to baby spiders, just as people give birth to baby people.

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Definitions:

Owner's Equity

Owner's equity represents the owner's claim to the assets of a business after all liabilities have been subtracted.

Owner Investments

Owner investments, also known as owner contributions, refer to money or other assets that owners put into their business for its use.

Revenues

The total income generated from normal business operations and other activities before any expenses are subtracted.

Balance Sheet

A financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time.