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Brunson Corp Pension Plan Information for Current Fiscal Year Beginning balance of plan assets at market value $1,560,000 Actual return on plans assets 210,000 Employer's
Brunson Corp Pension Plan Information for Current Fiscal Year Beginning balance of plan assets at market value $1,560,000 Actual return on plans assets 210,000 Employer's contribution 150,000 Distribution to beneficiaries 75,000 Service cost 125,000 Interest cost 156,000 Changes in benefits and assumptions 35,000 Beginning balance of the PBO 1,580,000 What is the ending balance of the projected benefit obligation (PBO) a. 1,730,000 b. 1,821,000 c, 1,896,000 d, 1,971,000 At the beginning of the year, the pension plan is: a. Overfunded by 20,000 b. Overfunded by 35,000 c. Underfunded by 20,000 d. Underfunded by 35,000 The underfunding or overfunding of the plan at year end will be disclosed in the: a. balance sheet of the plan sponsor b. balance sheet of the plan trustee at cost c. income statement of the plan sponsor d. notes to the financial statements of the plan sponsor
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