Million shares of common stock authorized


The 2007 balance sheet for Carnival Corporation indicates that the company has 1960 million shares of common stock authorized, of which approximately 624 million are outstanding. How many additional shares of common stock could Carnival Corporation sell? How are the shares that have not yet been issued included in the company's balance sheet? Do they represent an asset of the company?

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Accounting Basics: Million shares of common stock authorized
Reference No:- TGS084655

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