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...

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 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.