Part of the Growth Strategy for Yum! Brands,the Parent Company

question 116

Multiple Choice

Part of the growth strategy for Yum! Brands,the parent company of KFC,Pizza Hut,and Taco Bell,is expansion of its fast food businesses into new markets in China,Russia,and India.This type of expansion would be a __________ strategy.

• A)product development
• B)market penetration
• C)diversification
• D)market development
• E)market saturation

Identify the principles and phases in the development of an accounting system.

Demonstrate the process of posting transactions from journals to the appropriate ledgers.

Understand the accounting for sales returns and allowances and their impact on accounts receivable.

Know how to record and post transactions in special journals.

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Definitions:

Deferred Tax Assets

Future tax benefits obtained due to deductible temporary differences and carryforwards, recognized in financial accounting.

Book Income Tax Expense

The income tax expense reported in the financial statements, calculated based on the accounting income before taxes.

Temporary Difference

Differences between the carrying amount of an asset or liability in the balance sheet and its tax base that will result in taxable or deductible amounts in the future.

Taxable Income

Income subject to tax, computed by deducting allowable deductions from gross income.