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

question 100

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 on which the account balance is reported, and in Column 4 the nature of the account (permanent/temporary).
$$\begin{array}{l}\text { Example: }\\\begin{array} { | l | l | l | r | l | } \hline & \text { Column } 1 & \text { Column 2 } & \text { Column } 3 & \text { Column } 4 \\\hline \text { Cash } & \text { Asset } & \text { Debit } & \text { Balance Sheet } & \text { Permanent } \\\hline\end{array}\end{array}$$
- $$\begin{array} { | l | l | l | l | l | } \hline & \text { Column } 1 & \text { Column 2 } & \text { Column } 3 & \text { Column } 4 \\\hline \text { Capital } & & & & \\\hline\end{array}$$

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Definitions:

Model Nonprofit Corporation Act (MNCA)

A template legislation that provides a basis for the statute governing nonprofit corporations in some states.

Quorum

The minimum number of members required to be present at a meeting to legally conduct business.

Votes Entitled

The number of votes a shareholder or member is authorized to cast in a company's or organization's decision-making process.

Illegal Distribution

involves the unauthorized selling or distribution of goods or services, often violating copyright laws or regulatory statutes.