Question
Obtain the KraftHeinz 2014 Annual Report online (amounts in annual report and in questions are in $M) (this is the link:http://files.shareholder.com/downloads/ABEA-3QV6OO/1106417965x0x730413/145F2E19-6958-4EA2-9111-B31F2E8CEF47/filing_10K.pdf) 1.What is the total
Obtain the KraftHeinz 2014 Annual Report online (amounts in annual report and in questions are in $M)
(this is the link:http://files.shareholder.com/downloads/ABEA-3QV6OO/1106417965x0x730413/145F2E19-6958-4EA2-9111-B31F2E8CEF47/filing_10K.pdf)
1.What is the total amount of deferred taxes (assets and/or liabilities)
2.How much of the net deferred tax assets at fiscal year-end 2014 are due to pension benefit plans?
3.Explain why deferred taxes might result due to benefit plans.
4.Prepare the journal entry to record income tax expense for fiscal year 2014 (present any deferred tax asset and any deferred tax liability as a net amount in the journal entry)
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