The Following Information in Thousands) Is Available from the Notes

question 17

Short Answer

The following information in thousands) is available from the notes to the financial statements for Moonbeam Ltd.related to their defined benefit pension plan: $\begin{array}{lr}\text { Accrued benefit obligation at year-end } & \$ 250,000 \\\text { Fair value of plan assets } & \$ 237,500 \\\text { Pension expense, calculated by actuary } & \$ 850 \\\text { Annual contribution made by Moonbeam } & \$ 775\end{array}$
The funded status of the plan and the pension expense reported by Moonbeam are:
$$\begin{array} { | l | l | l | } \hline & \text { Funded status } & \begin{array} { l } \text { Pension } \\\text { expense }\end{array} \\\hline \text { a. } & \$ 12,500 \text { overfunded } & \$ 850 \\\hline \text { b. } & \$ 12,500 \text { overfunded } & \$ 775 \\\hline \text { c. } & \$ 12,500 \text { underfunded } & \$ 850 \\\hline \text { d. } & \$ 12,500 \text { underfunded } & \$ 775 \\\hline\end{array}$$

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