Question
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.
Solutions
ekkarill92 answered 1 year agoRelated Solutions
BTN 10-5 Access The YAHOO (ticket:YHOO) 10-K report for the year ended December 31, 2015, filed...
BTN 10-5 Access The YAHOO (ticket:YHOO) 10-K report for the year
ended December 31, 2015, filed on Febrausry 29, 2016 at
SEC.gov.
Discuss th following:
What is good will and how is it calculated?
what amount of goodwill is reported on YAHOO's balance
sheet?
What percentge of total assets does its goodwill represent? Is
goodwill a major asset for YAHOO? explain
Understanding EPS Calculations On its Form 10-K for the year ended December 31, 2015, Bank of...
Understanding EPS Calculations
On its Form 10-K for the year ended December 31, 2015, Bank of
America Corp. reported information related to basic earnings per
share.
Fill in the missing information.
Rounding instruction:
Round answer a. to two decimal places.
Round answer b., c., & d. to the nearest million.
Round answer e. to three decimal places.
$ millions, except per share
amounts
2015
2014
2013
Net income
$16,388
$4,833
d.
$Answer
Preferred stock dividends
$1,483
b.
$Answer
$1,349
Net...
Visit the EDGAR database. Access the 10-K report for the year ended December 31, 2017, filed...
Visit the EDGAR database. Access the 10-K report for the year
ended December 31, 2017, filed on February 23, 2018. Any sources
used to support your answers below should be cited using APA
Style.
To access this information:
Search SEC.gov Company Filings for McDonald's by entering the
ticker information, MCD , in the Fast Search box
After reviewing the above information, answer the following
questions:
Review McDonald's balance sheet and identify how many classes
of stock it has issued.
What...
Visit the EDGAR database. Access the 10-K report for the year ended December 31, 2017, filed...
Visit the EDGAR database. Access the 10-K report for the year ended
December 31, 2017, filed on February 23, 2018.
To access this information:
Search SEC.gov Company Filings for McDonald's by entering the
ticket information, MCD in the Fast Search box
After reviewing the information, answer the following
questions:
1) Review McDonald's balance sheet and identify how many
classes of stock it has issued
2) What are the par values, number of authorized shares, and
issued shares of the classes...
What compensation plans are employed by Yum Brands! Inc,? Do you feel these roles play a...
What compensation plans are employed by Yum Brands! Inc,? Do you
feel these roles play a strategic role in the success or failure of
the company?
Analyzing, Interpreting and Capitalizing Operating Leases YUM! Brands, Inc., reports the following footnote relating to its...
Analyzing, Interpreting and Capitalizing Operating Leases
YUM! Brands, Inc., reports the following footnote relating to its
capital and operating leases in its 2015 10-K report ($
millions).
Future minimum commitments under noncancelable leases are set forth
below. At December 26, 2015, the present value of minimum payments
under capital leases was $169 million.
Commitments ($ millions)
Capital
Operating
2016
$20
$672
2017
20
620
2018
20
569
2019
20
516
2020
19
457
Thereafter
188
2,123
$287
$4,957
(a) Confirm...
Analyzing, Interpreting and Capitalizing Operating Leases Assume YUM! Brands, Inc., reports the following footnote relating to...
Analyzing, Interpreting and Capitalizing Operating Leases
Assume YUM! Brands, Inc., reports the following footnote relating
to its capital and operating leases in its 2010 10-K report ($
millions).
Future minimum commitments...under non-cancelable leases are set
forth below. At December 25, 2010, and December 26, 2009, the
present value of minimum payments under capital leases was $236
million and $249 million, respectively.
Commitments ($ millions)
Capital
Operating
2011
$ 26
$ 550
2012
63
514
2013
23
483
2014
23
447...
For Yum Brands! Inc, describe the Product Cost Life Cycle. Does the company employ target costing?...
For Yum Brands! Inc, describe the Product Cost Life Cycle. Does
the company employ target costing? If so, how does the company
manage costs to reach the target level?
In 2015, Yum! Brands, Inc., the world’s largest quick-service restaurant company (Pizza Hut, Kentucky Fried Chicken,...
In 2015, Yum! Brands, Inc., the world’s largest quick-service
restaurant company (Pizza Hut, Kentucky Fried Chicken, and Taco
Bell), opened 577 new Pizza Hut restaurants and closed 456
others.
Required
If you were in charge of these decisions, what information would
you want to collect?
Mini Exercise M10-17: Analyzing and Interpreting Pension Disclosures—PBO and Funded Status YUM! Brands Inc. discloses the...
Mini Exercise M10-17: Analyzing and
Interpreting Pension Disclosures—PBO and Funded Status
YUM! Brands Inc. discloses the following pension footnote in its
10-K report.
Pension Benefit Obligation ($ millions)
2015
Change in benefit obligation
Benefit obligation at beginning of year
$1,301
Service cost
18
Interest costs
55
Plan amendments
28
Curtailments
(2)
Special termination benefits
1
Benefits paid
(50)
Settlements
(16)
Actuarial (gain) loss
(196)
Administrative Expense
(5)
Benefit obligation at end of year
$1,134
Explain the terms “service cost” and...
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