The period of cognitive development that follows the concrete operational stage is: the formal operational stage.
<h3>What is
Piaget's Stages of Development?</h3>
The Piaget's stages of development is a theory of development that was postulated by Jean Piaget, a cognitive theorist. The theory stated four different stages explaining how a child grows up. each of the stages involves milestones and skills a child develops.
The Piaget's stages of development are:
- The sensorimotor stage (0 - 2 years)
- The preoperational stage (2–7 years)
- The concrete operational stage (7–11 years)
- The formal operational stage (12+ years)
Therefore, the period of cognitive development that follows the concrete operational stage is: the formal operational stage.
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The revenue recognition principle dictates that revenue be recognized in the accounting period in which <u>the performance obligation is satisfied.</u>
<u></u>
The revenue recognition principle is a feature of accrual accounting which requires that revenues are recognized on the income statement, in that time period when they are earned and realized, not necessarily when the cash is received.
The principle is important because it enables a business to show profit and loss accurately, since the revenue is recorded when it is earned, not when it is received. Usage of this principle also helps with financial projections, which allows the businesses to project future ventures more accurately.
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Answer:
You need good records to monitor the progress of your business. Records can show whether your business is improving, which items are selling, or what changes you need to make. Good records can increase the likelihood of business success.
Explanation:
' Cuneiform was invented by the Sumerians around 3500 BCE in Mesopotamia. This Ancient civilization encouraged this writing form. Many of the great ancient civilizations used this form such as the Babylonians, Akkadians, the Hittites, and the Assyrians. Cuneiform was created to keep records of goods and activity.
