As discussed in the chapter, companies are often classified into one of three categories: service, merchandising, and
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1. Choose one well-known company from each category and explore that company's website. On the website, find a brief company description as well as the most recent published financial statements. Based on the company description, support your categorization of the company as service, merchandising, or manufacturing. If the company falls into more than one of these categories, describe how.
2. Look at the income statement and balance sheet for the company and list any factors that would support your categorization of the company as a service, merchandising, or manufacturing organization.
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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1 Researcher should be able to find many examples of service merchandising or ma...View the full answer
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Related Book For 
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
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