The EPBO for a particular employee on January $1,2024,$ was $$150,000.$ The APBO at the

beginning of the year was $$30,000.$ The appropriate discount rate for this postretirement plan is

$5\%.$ The employee is expected to serve the company for a total of $25$ years with $5$ of those years

already served as of January $1,2024.$ What is the APBO On December $31,2024?$

Multiple Choice

a$)$ $$37,800$

b$)$ $$42,800$

c$)$ $$31,500$

d$)$ $$30,000$

Varnon Company has a defined benefit pension plan. On December $31($the end of the fiscal

year$),$ the company received the PBO report from the actuary. The following information was

included in the report: ending PBO, $$110,000$; benefits paid to retirees, $$10,000$; interest cost,

$$8,000.$ The discount rate applied by the actuary was $8\%.$ What was the service cost for the year?

Multiple Choice

a$)$ $$12,000$

b$)$ $$2,000$

c$)$ $$18,000$

d$)$ $$92,000$

Ng Company had $30$ million shares of $$1$ par common stock outstanding on January $1,2024.$

In October $2024,$ Ng Company's Board of Directors declared and distributed a $1\%$ common stock

dividend when the market value of its common stock was $$60$ per share. In recording this

transaction, $Ng$ would:

Multiple Choice

a$)$ debit retained earnings for $$18$ million.

b$)$ credit paid$-$in capital$-$excess of par for $$18$ million.

c$)$ credit common stock for $$18$ million.

d$)$ None of these answer choices are correct.