Business, 30.10.2020 17:10 ligittiger12806

Pearsall company's defined benefit pension plan had a PBO of $265,000 on January 1, 2021. During 2021, pension benefits paid were $40,000. The discount rate for the plan for this year was 10%. Service cost for 2021 was $80,000. Plan assets (fair value) increased during the year by $45,000. The amount of the PBO at December 31, 2021, was: Multiple Choice $225,000. $305,000. $331,500. None of these answer choices are correct.

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Pearsall company's defined benefit pension plan had a PBO of $265,000 on January 1, 2021. During 202...