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

question 84

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 in which the account balance is reported, and in Column 4 the account's nature (permanent/temporary).
- $\begin{array} { | l | l | l | l | l | } \hline & \text { Column 1 } & \text { Column } 2 & \text { Column } 3 & \text { Column } 4 \\\hline \begin{array} { l } \text { Purchase } \\\text { discounts }\end{array} & & & & \\\hline\end{array}$

---

Definitions:

Conflict

A disagreement or clash resulting from differing interests, values, or needs in a relationship, group, or organization.

Mergers and Acquisitions

Business strategies involving the consolidation of companies or assets, where mergers unify two companies, and acquisitions involve one company purchasing another.

Values and Beliefs

fundamental attitudes and principles that guide behaviors and perceptions of the world.

Conflict

Refers to a situation where there is a clash of interests, values, actions, views, or directions between individuals or groups.