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Find the balance of projected benefit obligation at Deceber

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Reference no: EM132798041

Question - Projected benefit obligation $5700000

Fair value of plan assets 5100000

The settlement rate is 11%. Other data related to the pension plan for 2021 are:

Service cost $321000

Amortization of prior service costs 72500

Contributions 361000

Benefits paid 336000

Actual return on plan assets 353000

Amortization of net gain 24100

Required - Find the balance of the projected benefit obligation at December 31, 2021?

A. $6327000.

B. $6160500.

C. $6648000.

D. $6312000.

Reference no: EM132798041

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