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YUM! Brands, Inc. , discloses the following pension footnote in-(Answered)

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Question

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


The fair market value of YUM!'s plan assets is $610 million as of 2005. 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, $205 million asset

C. Underfunded, not reflected on the balance sheet

D. Underfunded, $815 million liability

 

Paper#9210895 | Written in 27-Jul-2016

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