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 on which the account balance is reported.
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Definitions:
Conservation
In psychology, the understanding that certain properties of objects remain the same despite a change in the object's form or appearance.
Centration
The tendency, especially in young children, to focus on one aspect of a situation while neglecting other relevant aspects.
Play-Doh
A pliable dough used for creative play, primarily by children, allowing for the molding and crafting of shapes and figures.
Centration
Centration is a term from cognitive psychology describing a tendency to focus on one aspect of a situation while neglecting others, common in early childhood development.
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