Business, 19.12.2019 02:31 oofoofoof1

Einstein laboratories’ has a defined benefit retirement plan. the company’s 2016 annual report includes the following excerpt about these plans (in millions): projected benefit obligations, january 1, 2016 $7,820 service cost — benefits earned during the year 263 interest cost on projected benefit obligations 288 actuarial losses (gains) 645 benefits paid (242) other, including foreign currency translation (257) projected benefit obligations, december 31, 2016 $8,517 plans' assets at fair value, january 1, 2016 $8,722 actual return on plan assets 631 company contributions 582 benefits paid (242) other, including foreign currency translation (201) plan assets at fair value, december 31, 2016 $9,492 what is the funded status of this plan?

a. the plan is underfunded by $975 million
b. the plan is overfunded by $975 million
c. the plan is underfunded by $8,517 million
d. the plan is overfunded by $7,542 million
e. none of the above

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Einstein laboratories’ has a defined benefit retirement plan. the company’s 2016 annual report inclu...