The Second Substage of Preoperational Thought, Occurring Between Approximately 4

question 40

Multiple Choice

The second substage of preoperational thought, occurring between approximately 4 and 7 years of age, is characterized by the use of

• A) reversible mental actions.
• B) egocentric views.
• C) primitive reasoning.
• D) symbolic thought.

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Definitions:

Supplies Expense

Costs incurred from the purchase of supplies that are used within the operation of a business.

Credit

An accounting entry that decreases assets or increases liabilities and equity on the company's balance sheet, or in the context of banking, the provision of funds or resources to a recipient.

Prepaid Expenses

Costs paid in advance for goods or services that will be used or consumed over time, recorded as assets on the balance sheet.

Accrued Expenses

Expenses that have been incurred but not yet paid or recorded at the end of a reporting period.