At January 1, 2016, Trevor Company Had Plan Assets of €215,000

question 38

Multiple Choice

At January 1, 2016, Trevor Company had plan assets of €215,000 and a defined benefit obligation of the same amount.During 2016, service cost was €22,500, the discount rate was 10% actual and expected return on plan assets were €26,000, contributions were €20,000, and benefits paid were €19,500.Based on this information what would be the Defined benefit obligation for Trevor Company for 2016?

• A)€263,500
• B)€239,500
• C)€22,500
• D)€259,000

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Definitions:

Base

A substance that is characterized by its ability to accept protons or donate electron pairs in chemical reactions.

Terminals

The end points of an electrical device or a cable where connections are made to enable the flow of electrical current.

Diode

A semiconductor device that allows current to flow in one direction only, used in electronics for rectification and signaling.

Relay

Any of a number of devices that receives a signal and then effects an action. In vehicle electrical circuits, relays are used to allow a small current circuit to control a large current circuit such as in a starter relay. Also known as a pilot.