The following is a list of well-known companies: 1. Alcoa Inc. 2. Boeing

The following is a list of well-known companies:
1. Alcoa Inc.
2. Boeing
3. Caterpillar
4. Citigroup Inc.
5. CVS
6. Delta Air Lines
7. eBay Inc.
8. FedEx
9. Ford Motor Company
10. Gap Inc.
11. H&R Block
12. Hilton Hospitality, Inc.
13. Procter & Gamble
14. SunTrust
15. Wal-Mart Stores, Inc.

a. Indicate whether each of these companies is primarily a service, merchandise, or manufacturing business. If you are unfamiliar with the company, use the Internet to locate the  company’s home page or use the finance website of Yahoo (finance.yahoo.com).

b. For which of the preceding companies is the accounting equation relevant?


Answers:
a.
1. manufacturing
2. manufacturing
3. manufacturing
4. service
5. merchandise
6. service
7. service
8. service
9. manufacturing
10. merchandise
11. service
12. service
13. manufacturing
14. service
15. merchandise

b. The accounting equation is relevant to all of the companies. It serves as the basis of the accounting information system.