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The 2009 balance sheet for Carnival Corporation indicates that the company has 1,960 million shares of common stock authorized, of which approximately 620 million were outstanding.
a. How many additional shares of common stock could Carnival Corporation sell?
b. How are the shares that have not yet been issued included in the company's balance sheet? Do they represent an asset of the company?
The role and process of recognising depreciation in accounting reports, and by identifying accounting concepts which provide the justification for recognising depreciation.
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