Classification of financial statement items-current asset

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Reference no: EM131219273

Classification of Financial Statement Items

Carnival Corporation & plc is one of the largest cruise companies in the world with such wellknown 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. Sort-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

Reference no: EM131219273

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