YUM! Brands, Inc,, discloses the following pension footnote in its 10-K report: a. How much pension expense

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YUM! Brands, Inc,, discloses the following pension footnote in its 10-K report:

a. How much pension expense does Yum report in its 2017 income statement?

b. What effect does its "expected return on plan assets" have on its reported pension expense? Explain.

c. Explain use of the word expected as it relates to results of pension plan investments.

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Financial Accounting

ISBN: 9781618533111

6th Edition

Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman

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Question Posted: Feb 25, 2022 07:37 AM

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YUM! Brands, Inc,, discloses the following pension footnote in its 10-K report: a. How much pension expense

Question:

Pension Benefits (In millions) 2017 2016 Service cost. Interest cost. Amortization of prior service cost. Expected retun on plan assets. Amortization of net loss $10 $17 54 41 6 (45) (65) 6. Net periodic benefit cost. $17 $18 ....

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a Yum Brands is reporting 17 million of pension expense for 2017 b Expected ...View the full answer

Financial Accounting

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