Way of Looking at Shifts from Preconventional to Conventional to Postconventional

question 66

Multiple Choice

way of looking at shifts from preconventional to conventional to postconventional levels of reasoning is to see them as a process of _________, a movement outward from the self.

• A) accommodation
• B) decentering
• C) coming to an evolutionary truce
• D) postformal thinking

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Definitions:

Owner's Capital Account

Represents the total equity or investment that the owner has in the business, including initial investment and subsequent profits or losses.

Balance

The amount of money or value remaining in an account after accounting for debits and credits.

Income Summary

An account used in the closing process that summarizes the revenue and expenses for a specific accounting period.

Expenses Accounts

Accounts that track money spent or costs incurred in a company’s operations to generate revenue.