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Presented Below Are Selected Data from the Financial Statements of Carnival

question 45

Short Answer

Presented below are selected data from the financial statements of Carnival Corp. for 2016 and 2015. Presented below are selected data from the financial statements of Carnival Corp. for 2016 and 2015.


Definitions:

Unconsummated Transaction

A deal or negotiation that has been discussed or agreed upon in principle but has not been finalized or completed.

Sales Tax

a tax imposed on sales of goods and services, typically calculated as a percentage of the purchase price.

Buyer Surplus

The difference between the maximum amount a consumer is willing to pay for a good or service and the actual amount paid.

Seller Surplus

The difference between the amount sellers are actually paid for a good or service and the minimum amount they would be willing to accept, reflecting gains from trade.

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