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A company has a defined benefit pension plan for its employees. At the beginning of the year, the projected benefit obligation (PBO) is $1,000,000, and

  • A company has a defined benefit pension plan for its employees. At the beginning of the year, the projected benefit obligation (PBO) is $1,000,000, and the fair value of plan assets is $900,000. During the year, the company contributes $200,000 to the plan and the pension expense is $150,000. Calculate the ending PBO and the funded status of the pension plan at the end of the year.
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