Question: Using Under Armour 2021 10-K form , read the pension footnote to determine the following: - What is the funded status of the pension and
Using Under Armour 2021 10-K form, read the pension footnote to determine the following:
- What is the funded status of the pension and other benefits plans and is the under/over funded obligation substantial?
- Are the plans substantial to the company?
- How much pension expense does each company report in its income statement and it is a substantial amount?
- Compare the cash paid into the plan assets to the amount paid to retirees - what is the difference and will the company be able to meet its obligations as they come due?
Please answer all with clear explanation needed.. Thanks
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