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How the projected benefit obligation was underfunded

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Reference no: EM132815564

Data for 2016 were as follows:

Problem 1: PBO, January 1, $240,000 and December 31, $270,000; pension plan assets (fair value) January 1, $180,000, and December 31, $230,000. The projected benefit obligation was underfunded at the end of 2016 by:

a. $40,000.
b. $30,000.
c. $60,000.
d. $20,000.

 

Reference no: EM132815564

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