Several accounts from the financial statements of Madison Company are listed below.In the two columns provided for answers,indicate the type of account and the normal account balance.Use the following identification codes for your answers:
Definitions:
Horizontal Mergers
A business consolidation that occurs between firms that operate in the same industry or production stage.
Economies of Scale
Cost advantages reaped by companies when production becomes efficient, resulting in the average cost per unit of output decreasing with increasing scale.
Conglomerate Merger
A type of merger where two companies operating in unrelated business areas combine their operations.
Diversification
An investment strategy to reduce risk by allocating investments amongst various financial instruments, industries, or other categories.
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