Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
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
a company is deciding whether or not to replace some old equipment with new equipment. which of the following is not
year x1 the allowance for doubtful accounts on 1-1-x1 had a credit balance of 25000. on 3-1-x1 wrote off a receivable
What type of response would you expect from this implementation - The country does not allow for differential accounting treatment depending on size of enterprise
av city stocks and sells a particular brand of laptop. it costs the firm 625 each time it places an order with the
Provision for dicey obligations is to be kept at Rs. 500 (c) Depreciate plant and apparatus
Explain how shaving 5% off the estimated direct labor hours in the base of the predetermined overhead rate usually results in a big boost in the net operating income at the end of the year.
What amount of Bad Debt Expense would the company record as an end-of-period adjustment?
During the period, labor costs incurred on account amounted to $250,000 including $200,000 for production orders and $50,000 for general factory use. In addition, factory overhead applied to production was $23,000. From the following, select the e..
Calculate the number and cost of goods available for sale. Calculate the number of units in ending inventory. Compute the cost of ending inventory and cost of goods sold under (a) FIFO, (b) LIFO, and (c) weighted average cost. Compare the Income from..
mobley company purchased an asset with a list price of 35000. mobley received a 2 cash discount. the asset was
cash 41000supplies 1200prepaid insurance 8900land 80000equipment 120000 less accumulated depreciation 42200 these are
During 2004, XYZ Company recorded salaries expense of $85,000. The salaries payable account at January 1st had a balance of $11,000 while the salaries payable account at December 31st had a balance of $8,000. The amount of cash paid to employees f..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd