The EPBO for a Particular Employee on January 1,2016,was $150,000

question 95

Multiple Choice

The EPBO for a particular employee on January 1,2016,was $150,000.The APBO at the beginning of the year was $30,000.The appropriate discount rate for this postretirement plan is 5%.The employee is expected to serve the company for a total of 25 years with 5 of those years already served as of January 1,2016.What is the APBO at December 31,2016?

• A)$37,800.
• B)$42,800.
• C)$31,500.
• D)$30,000.

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Definitions:

New England Colonists

Early settlers of the Northeastern United States, primarily from England, who established some of the first successful European colonies in the 17th century.

1640

A year known for the beginning of the English Civil War, a period of armed conflict and political machinations between Parliamentarians and Royalists.

Roger Williams's Banishment

The expulsion of Roger Williams, a religious leader and advocate for the separation of church and state, from the Massachusetts Bay Colony in 1636, leading to the founding of Rhode Island.

Massachusetts Bay

A region and colony in the early United States, centered around the bay of the same name, known for its role in the Puritan migration and the early development of American democracy.