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Exercise #1: OpenKellogg'sAnnual Reports: http://www.annualreports.com/HostedData/AnnualReports/PDF/NYSE_K_2018.pdf andfind paragraph entitled property under ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS, and explain

Exercise #1:OpenKellogg'sAnnual Reports: http://www.annualreports.com/HostedData/AnnualReports/PDF/NYSE_K_2018.pdf andfind paragraph entitled "property" under ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS, and explain what the term impairment means.

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