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

question 9

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 on which the account balance is reported, and in Column 4 the nature of the account (permanent/temporary).
Example:

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Definitions:

Autarky

An economic system or policy where a nation is self-sufficient and does not take part in international trade.

Exporting Industry

An industry primarily focused on producing goods and services for sale in foreign countries.

Imported Good

A product or service brought into one country from another for sale, often subject to tariffs, quotas, or trade agreements.

Exported Good

A product or service produced in one country and sold to buyers in another, contributing to international trade.