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Analyzing and Interpreting Pension Disclosures Plan Assets and Cash Flow YUM! Brands Inc. discloses the following pension footnote in its 1 0 - K report.
Analyzing and Interpreting Pension DisclosuresPlan Assets and Cash Flow YUM! Brands Inc. discloses the following pension footnote in its K report. Pension Plan Assets $ millions Fair value of plan assets at beginning of year $ Actual return on plan assets Employer contributions Benefits paid Fair value of plan assets at end of year $ a How does the actual return on plan assets of $ million affect YUM!s reported profits for Answer b YUM! Brands contributed $ million cash to the pension plan investment account asset during the year. Which of the following is true? Answer i YUM! recognized the $ million cash payment as a pension expense in Answer ii YUM! did not recognize the $ million cash payment as a pension expense in because it is not tax deductible. Answer iii. YUM! did not recognize the $ million cash payment as a pension expense in because it relates to employees service in prior periods. Answer iv YUM! did not recognize the $ million cash payment as a pension expense in because benefits of $ million were paid to employees and that amount represents the pension expense. Answer v None of the above. c YUM!s pension plan paid out $ million in benefits during How is this payment reported? AnswerAnalyzing and Interpreting Pension DisclosuresPlan Assets and Cash Flow YUM! Brands Inc. discloses the following pension footnote in its K report. a How does the "actual return on plan assets" of $ million affect YUM!s reported profits for b YUM! Brands contributed $ million cash to the pension plan investment account asset during the year. Which of the following is true? i YUM! recognized the $ million cash payment as a pension expense in ii YUM! did not recognize the $ million cash payment as a pension expense in because it is not tax deductible. iii. YUM! did not recognize the $ million cash payment as a pension expense in because it relates to employees' service in prior periods. v None of the above. c YUM!s pension plan paid out $ million in benefits during How is this payment reported?
Analyzing and Interpreting Pension DisclosuresPlan Assets and Cash Flow
YUM! Brands Inc. discloses the following pension footnote in its K report.
Pension Plan Assets $ millions
Fair value of plan assets at beginning of year $
Actual return on plan assets
Employer contributions
Benefits paid
Fair value of plan assets at end of year $
a How does the actual return on plan assets of $ million affect YUM!s reported profits for
Answer
b YUM! Brands contributed $ million cash to the pension plan investment account asset during the year. Which of the following is true?
Answer
i YUM! recognized the $ million cash payment as a pension expense in
Answer
ii YUM! did not recognize the $ million cash payment as a pension expense in because it is not tax deductible.
Answer
iii. YUM! did not recognize the $ million cash payment as a pension expense in because it relates to employees service in prior periods.
Answer
iv YUM! did not recognize the $ million cash payment as a pension expense in because benefits of $ million were paid to employees and that amount represents the pension expense.
Answer
v None of the above.
c YUM!s pension plan paid out $ million in benefits during How is this payment reported?
AnswerAnalyzing and Interpreting Pension DisclosuresPlan Assets and Cash Flow
YUM! Brands Inc. discloses the following pension footnote in its K report.
a How does the "actual return on plan assets" of $ million affect YUM!s reported profits for
b YUM! Brands contributed $ million cash to the pension plan investment account asset during the year. Which of the following is true?
i YUM! recognized the $ million cash payment as a pension expense in
ii YUM! did not recognize the $ million cash payment as a pension expense in because it is not tax deductible.
iii. YUM! did not recognize the $ million cash payment as a pension expense in because it relates to employees' service in prior periods.
v None of the above.
c YUM!s pension plan paid out $ million in benefits during How is this payment reported?
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