ABC Has a Non-Contributory,defined Benefit Pension Plan

question 92

Multiple Choice

ABC has a non-contributory,defined benefit pension plan.Data for 2014 were as follows: Pension plan assets (at fair value) January 1,2014,$240,000,and December 31,2014,$285,000; APO,January 1,2014,$243,000 and December 31,2014,$345,000.The accrued pension obligation was underfunded at the end of 2014 in the amount of:

• A) $15,000.
• B) $30,000.
• C) $45,000.
• D) $60,000.

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Definitions:

Infant

A very young child or baby, typically under one year of age, at the early stages of development.

New York Longitudinal Study

The New York Longitudinal Study is a research project that tracked the developmental characteristics of children from infancy into adulthood to understand personality development.

Temperaments

The combination of mental, physical, and emotional traits of a person; often considered innate or inherent to one's character.

Infants

refer to young children in the earliest stage of their lives, typically considered to be from birth to one year old.