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Support Danufau Assume YUM! Brands, Inc., discloses the following pension footnote in its 10-K report. Hag question Pension Benefits ($ millions) Benefit obligation at beginning
Support Danufau Assume YUM! Brands, Inc., discloses the following pension footnote in its 10-K report. Hag question Pension Benefits ($ millions) Benefit obligation at beginning of year Service cost 2016 $700 2015 $629 33 32 Interest cost 43 39 Plan amendments Curtailment gain (2) (2) Settlement loss. Benefits and expenses paid Actuarial (gain) loss.. Benefit obligation end of year 1 (33) 73 (26) 27 $815 $700 The fair market value of YUM!'s plan assets is $610 million as of 2016. What is the funded status of the plan, and how will this be reflected on YUM!'s balance sheet? Select one: A. Underfunded, $205 million liability B. Underfunded, $815 million liability C. Underfunded, $205 million asset D Underfunded not ra
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