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Category > Accounting Posted 25 May 2017 My Price 5.00

Exercise 1-9 Classification of Financial Statement Items

 

Exercise 1-9 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 in the company’s financial statements included in the Form 10-K for the year ended November 30, 2011 according to (1) whether it belongs on the income statement (IS) or balance sheet (BS) and (2) whether it is a revenue (R), expense (E), asset (A), liability (L), or stockholders’ equity (SE) item.

 

Item

Appears on the

Classified as

Example: Cash and cash equivalents

BS

A

1. Trade and other receivables, net

    

2. Common stock of Carnival Corporation

    

3. Short-term borrowings

    

4. Passenger tickets

    

5. Selling and administrative

    

6. Property and equipment, net

    

7. Accounts payable

    

8. Retained earnings

    

9. Income tax expense, net

    

10. Long-term debt

    

 

 
 

Answers

Alpha Geek
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Status NEW Posted 25 May 2017 11:05 AM My Price 5.00

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Attachments

file 1495711545-1648969_1_636312153506479929_TT.xlsx preview (31 words )
2.----------- Co-----------mmo-----------n s-----------toc-----------k o-----------f C-----------arn-----------iva-----------l C-----------orp-----------ora-----------tio-----------n3.----------- Sh-----------ort------------te-----------rm -----------bor-----------row-----------ing-----------s4.----------- Pa-----------sse-----------nge-----------r t-----------ick-----------ets-----------5. -----------Sel-----------lin-----------g a-----------nd -----------adm-----------ini-----------str-----------ati-----------ve6-----------. P-----------rop-----------ert-----------y a-----------nd -----------equ-----------ipm-----------ent-----------, n-----------et7-----------. A-----------cco-----------unt-----------s p-----------aya-----------ble-----------8. -----------Ret-----------ain-----------ed -----------ear-----------nin-----------gs9-----------. I-----------nco-----------me -----------tax----------- ex-----------pen-----------se,----------- ne-----------t10-----------. L-----------ong------------te-----------rm -----------deb-----------t1.-----------Tra-----------de -----------and----------- ot-----------her----------- re-----------cei-----------vab-----------les-----------, n-----------etI-----------SAB-----------SSE-----------LE -----------
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