The annual financial report is the primary communication of financial information to external users.
Use the annual report of Carnival Corporation 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 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 balance sheet 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 Common Stock
(g) What public accounting firm audited the financial information of Carnival Corporation?

  • CreatedMarch 27, 2015
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