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

question 119

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, and in Column 3 the financial statement that the account in which the account balance is reported.
- $$\begin{array} { | l | l | l | l | } \hline & \text { Column } 1 & \text { Column } 2 & \text { Column } 3 \\\hline \begin{array} { l } \text { Merchandise } \\\text { Inventory }\end{array} & & & \\\hline\end{array}$$

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Definitions:

Latest Technology

Innovations and recent developments in technology that have emerged to improve efficiency, capability, or performance.

Technological Conditions

The current state of technology within a certain field or organization, affecting how operations are conducted and what innovations might be possible.

General Environment

The broad external conditions that affect organizations, including economic, technological, socio-cultural, and political/legal factors.

Features and Applications

Characteristics or aspects of a product, system, or service and the practical uses or benefits they offer to users.