Data for 2011 were as follows: PBO, January 1, $240,000 and December 31, $270,000; pension plan assets (fair value) January 1, $180,000, and December...

Data for 2011 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 2011 by: Answer a.$30,000.b.60,000c. 20,000.d. $40,000.

AnswerPBO as on 31 Dec= $270,000(-) Assets as on 31st Dec=$230,000Benefit obligation under funded by=$40,000st Answer D) $40,000