For Each of the Following Companies, Identify Whether They Are

question 96

Short Answer

For each of the following companies, identify whether they are a service, retail, or manufacturing business. $$\begin{array} { | l | l | } \hline \text { A. } & \text { Kohl's } \\\hline \text { B. } & \text { Time Warner Cable } \\\hline \text { C. } & \text { General Motors } \\\hline \text { D. } & \text { Regal Cinemas } \\\hline \text { E. } & \text { Applebee's } \\\hline \text { F. } & \text { Sony } \\\hline \text { G. } & \text { Best Buy } \\\hline \text { H. } & \text { Banana Republic } \\\hline \text { I. } & \text { H\&R Block } \\\hline\end{array}$$

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Definitions:

Merchandise On Account

Goods that have been purchased but not yet paid for, often resulting in an accounts payable for the buyer.

Sales Allowance

A reduction in the selling price of goods or services, typically granted to customers for various reasons like minor defects or dissatisfaction.

Partial Derecognition

The process in accounting where only a portion of a financial asset or liability is removed from the balance sheet.

Receivables

These are amounts owed to a business by its customers for goods or services delivered on credit.