I need to solve this and why is it the right answer with explanation.

5. The following is the only infocmation petining to Knne Co.'s defined bemefit Question 1: Multiple Cholees 130 points REQUIRED: choose only ng answer 1, Yenr 1 et pension Service cost Interest cost 1. Which of the following statemens typifies delined ccribunion plans? a Investment risk is borne by the corporation sponsoring the plan b. The plans are more complex than defined benefit plans. c. Presenl value factors are used to determine the anrual contrbutions to the Actual and expected retun on plan assets Amortization ofprior service cost arising in prior | 52,000 d. Tbe employer's obligation is satistied by making the periodic cootribution to Employer contributions In its December 31, Ye1, balance sbeet, whaa amount should Kane repot as the underfiundead or overfunded projected beoefit obligation (PBO 2. Uder a defined beoelit peusion plan, conpany recogaize as par of oet periodic a. $7,000 overfunded b. S15,000 udefuded. e. S45,000 udefuded. d. S52,000 underfunded. pension cost the actuarial present value of the increase in pension benefits payable to employees because of their services rendered during the current period. This cost is a Amortization of prior service credit. b. Service cost. Accumulated bencfit obligation (ABO) Projccted benefit obligation (PBO) 6. The following information pertains to McNcil Co.'s defined bencfit pcnsion plan: . $144,000 Actuarial cstimate of projccted benelit obligation at January1 Assumed discount rate Service cost for the Persion benefits d. 3 Janney Co. sponsors a defined benefit pension plan The discount rate used by Janrey to calculate the project benefit obligution is determined by tho the year Il no change in actuarial estimates cecurred during the year, McNeil's PBO at Decenber 31 was Plan Assers Yes a. $128.400 b. $150,000 c. S158.400 d. S164,400 Yea 7. On Jamuary 2 of the current year, Walesa Co. established a defined benefit plan 4. Sheen Company maintains a defined benefit pension plan for its employees. For the oovering all employees and contributed $1,000,000 to the pan At December 31 of the current yar, Walesa determined that the aarrent ycar service and intcrest costs for the plan were $620,000 The expected and the actual rate of retum on plan assets for the current year was 10%. There are no other components of pension expense. What amount should Walesa report in its balance sheet for the current year as a net pcnsion fiscal year ended December 31 of he current year, it reported a pension liability on its balance sheet. This liability is the amount by which the a Projected bemefit obligation exceeds the fair value of plan assets. b. Projected benelit cbligation exceeds the vested benelit obligation. c. Vesled benefit obligation exceeds the air value of plan assets. d. Accumulated benelit obligaticn exceeds contributions to the plsn. a. $280,000 h. $380,000 c. $480,000 d. S620,000