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Find the amount of the APBO at December

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Question - A company's postretirement health care benefit plan had an APBO of $245,000 on January 1, 2018. During 2018, retiree benefits paid were $38,000. The discount rate for the plan for this year was 10%. Service cost for 2018 was $78,000. Plan assets (fair value) increased during the year by $309,500. Find the amount of the APBO at December 31, 2018?

a. $309,500

b. $207,000

c. $283,000

d. $347,500

Reference no: EM132604573

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