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:
Define Your Terms
A principle emphasizing the importance of clearly defining the words or concepts one is using in an argument or discussion.
Gut Reaction
An instinctive response or feeling, not based on rational thought.
Psychics
Individuals who claim to have abilities to perceive information hidden from the normal senses through extrasensory perception.
Empirical Evidence
Information acquired by observation or experimentation.
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