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