Question: I am looking for the correct answer to this general accounting problem using valid accounting standards. For the year 2010, the data is: . Projected

I am looking for the correct answer to this general accounting problem using valid accounting standards.

For the year 2010, the data is: . Projected Benefit Obligation (PBO): o Jan 1 = $241,000 o Dec 31 = $279,000 . Pension Plan Assets (Fair Value): o Jan 1 = $184,000 o Dec 31 = $237,000 Determine the underfunded amount of the pension at the end of 2010. a. $57,000 b. $38,000 C. $53,000 d. $42,000

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