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In: Accounting

This assignment is based on the 10-K for Yum Brands Inc. for the year ended December...

This assignment is based on the 10-K for Yum Brands Inc. for the year ended December 31, 2017. You can obtain Yum’s 10-K from the SEC’s Edgar data base of company

https://www.sec.gov/ix?doc=/Archives/edgar/data/1041061/000104106118000013/yum10k12312017.htm

A- In the Management and Discussion Analysis section, under the heading “Critical Accounting Policies and Estimates,” Yum discusses its accounting for income taxes. Summarize that discussion in your own words.

B- In aggregate, what journal entry did Yum make to accrue income taxes for the year ended December 31, 2017? Your approach here will need to differ from what was discussed in class. Here you have income tax expense and will need to back into income tax payable.

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ekkarill92 answered 1 year ago
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