Use the Following Information for Questions 77 and 78 -The Balance of the Projected Benefit Obligation at December 31

question 87

Multiple Choice

Use the following information for questions 77 and 78.
On January 1, 2015, Newlin Co. has the following balances: The settlement rate is 10%. Other data related to the pension plan for 2015 are: $$\begin{array} { l r } \text { Service cost } & \$ 180,000 \\\text { Amortization of prior service costs due to increase in benefits } & 60,000 \\\text { Contributions } & 300,000 \\\text { Benefits paid } & 135,000 \\\text { Actual return on plan assets } & 237,000 \\\text { Amortization of net gain } & 18,000\end{array}$$
-The balance of the projected benefit obligation at December 31, 2015 is

• A) $2,490,000.
• B) $2,355,000.
• C) $2,340,000.
• D) $2,310,000.

---

Definitions:

Seventeenth-Century America

Refers to North America in the 1600s, a period marked by settlement and colonial development particularly along the East Coast.

African Slavery

The forced labor and enslavement of African peoples, primarily seen in the context of the transatlantic slave trade and colonial plantation systems.

Catholic Spain

Refers to the period and culture in Spanish history when Catholicism was the state religion, impacting its politics, culture, and global explorations.

Imperial Endeavors

Refers to the efforts and actions taken by a nation, empire, or its leaders to expand their dominion and influence over other territories and peoples.