ABC Has a Non-Contributory,defined Benefit Pension Plan

ABC has a non-contributory,defined benefit pension plan.Data for 2014 were as follows: Pension plan assets (at fair value) January 1,2014,$240,000,and December 31,2014,$285,000; APO,January 1,2014,$243,000 and December 31,2014,$345,000.The accrued pension obligation was underfunded at the end of 2014 in the amount of:

A) $15,000.
B) $30,000.
C) $45,000.
D) $60,000.

Correct Answer:

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