Data for 2016 Were as Follows: PBO,January 1,$240,000 and December

question 101

Multiple Choice

Data for 2016 were as follows: PBO,January 1,$240,000 and December 31,$270,000;pension plan assets (fair value) January 1,$180,000,and December 31,$230,000.The projected benefit obligation was underfunded at the end of 2016 by:

• A)$30,000.
• B)$60,000.
• C)$20,000.
• D)$40,000.

---

Definitions:

Universal Product Code

A barcode symbology that is widely used in the United States and other countries for tracking trade items in stores.

Inventory Control

Function requiring production and operations managers to balance the need to keep stock on hand to meet demand against the costs of carrying inventory.

Retail Transactions

Business operations involving the sale of goods or services directly to consumers for personal use.

Trademarks

Symbols, names, phrases, or logos legally registered or established by use as representing a company or product.