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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 account's nature (permanent/temporary).
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Firm's Cost
The total expenses incurred by a company to produce, market, and distribute its goods or services.
Acquired Funds
Funds obtained through various means, including borrowing, earnings, or investment, by an entity for operational or investment purposes.
Long-Lived Assets
Assets that are expected to provide economic benefits over a period longer than one year, such as buildings, machinery, and land.
After-Tax Cost
The actual cost of an expense or investment after accounting for the effects of taxes.
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