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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Definitions:

Vestibular Sense

The sensory system that contributes to balance and spatial orientation by sensing gravity and motion.

Kinesthesis

The sense of movement and body position, allowing individuals to be aware of their limbs and body parts in space without having to see them.

Audition

Audition, or hearing, is the sense and process by which sound waves are detected by the ear and transmitted to the brain for interpretation, enabling sound perception.

Smell

The sense that allows the detection of odors or scents, also known as olfaction.