For Each of the Following, Identify in Column 1 the Category

question 50

Essay

For each of the following, identify in column 1 the category to which the account belongs, in column 2 the normal balance for the account, in column 3 the financial statement that the account in which the account balance is reported, and in column 4 the account's nature (permanent/temporary).
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Definitions:

Arbitrator's Decision

A legally binding resolution made by an arbitrator, who is a neutral third party, in a dispute between parties outside of court.

Appeal

The process by which a case is brought before a higher court for review of the decision of a lower court.

Deference

The respectful submission or yielding to the judgment, opinion, or decision of another.

Private Trial

An ADR method in which a referee is selected and paid by the disputing parties to offer a legally binding judgment in a dispute.