Question
Table 3-2 Brunson Corporation Pension Plan Information for Current Fiscal Year Beginning balance of plan assets at market value $1,560,000 Actual return on plan assets
Table 3-2 Brunson Corporation Pension Plan Information for Current Fiscal Year Beginning balance of plan assets at market value $1,560,000 Actual return on plan assets 210,000 Employer's contribution 150,000 Distributions 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 plan assets? a) $1,770,000 b) $1,845,000 c) $1,920,000 d) $1,955,000 15. 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 16. 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.
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