The annual nancial report is the primary communication of nancial information to external users Required Use the annual report of Carnival Corporation for the 2007 scal year to answer the following questions This information can be found either on the annual report or the SEC 10 K ling at www carni...

a Year begins on December 1 st Year ends on November 3 ...

The annual nancial report is the primary communication of nancial information to external users. Required: Use the

Question:

The annual ﬁnancial report is the primary communication of ﬁnancial information to external users.
Required:
Use the annual report of Carnival for the 2007 ﬁscal year to answer the following questions. This information can be found either on the annual report or the SEC 10-K ﬁling at www.carnival.com by following the links to Investor Relations.
(a) On what days does Carnival Corporation’s ﬁscal year begin and end?
(b) How many years of information are presented?
(c) How many years of income statement information are presented?
(d) How many years of cash ﬂow information are presented?
(e) How many years of shareholders’ equity information are presented?
(f) List two places in the annual report that each of the following pieces of information can be found (list the statement and the year):
(1) 2007 ending balance of Cash
(2) 2007 beginning balance of Cash
(3) 2007 ending balance of Retained Earnings
(4) 2007 Net Income
(5) 2007 ending balance of What public accounting ﬁrm audited the ﬁnancial information of Carnival Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...