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

question 6

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 that the account in which the account balance is reported, and in column 4 the account's nature (permanent/temporary).
-

---

Definitions:

Quadrupled

Increased by four times in quantity or value.

Perfectly Inelastic

A market situation where the quantity demanded or supplied does not change despite changes in price, represented by a vertical demand or supply curve.

Heroin Addicts

Individuals who suffer from the addiction to heroin, a highly addictive opioid drug.

Total Revenue

The aggregate revenue a business accumulates from its sales of products or delivery of services in a given period.