Exercise 2-3 Classification of Financial Statement Items Carnival Corporation & plc is one of the…


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Exercise 2-3 Classification of Financial Statement Items Carnival Corporation & plc is one of the… 1 answer below » Exercise 2-3 Classification of Financial Statement Items Carnival Corporation & plc is one of the largest cruise companies in the world with such well- known brands as Carnival Cruise Lines, Holland America Line, and Princess Cruises. Classify each of the following items found on the company’s balance sheet included in the Form 10-K for the fiscal year ended November 30, 2011 as a current asset (CA), noncurrent asset (NCA), current liability (CL), long-term liability (LTL), or stockholders’ equity (SE) item. & View complete question » Exercise 2-3 Classification of Financial Statement Items Carnival Corporation & plc is one of the largest cruise companies in the world with such well- known brands as Carnival Cruise Lines, Holland America Line, and Princess Cruises. Classify each of the following items found on the company’s balance sheet included in the Form 10-K for the fiscal year ended November 30, 2011 as a current asset (CA), noncurrent asset (NCA), current liability (CL), long-term liability (LTL), or stockholders’ equity (SE) item. 1. Trade and other receivables, net 2. Common stock of Carnival Corporation 3. Short-term borrowings 4. Inventories 5. Property and equipment, net 6. Prepaid expenses and other 7. Accounts payable 8. Goodwill 9. Retained earnings 10. Long-term debt View less » Jan 29 2016 12:14 PM

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