Question: Please provide the accurate answer to this general accounting problem using valid techniques. Data for 2023 were as follows: Projected Benefit Obligation (PBO), Jan 1:

Please provide the accurate answer to this general accounting problem using valid techniques.

Data for 2023 were as follows: Projected Benefit Obligation (PBO), Jan 1: $300,000; Dec 31: $350,000. Pension plan assets (fair value), Jan 1: $240,000; Dec 31: $290,000. The projected benefit obligation was underfunded at the end of 2023 by: a) $60,000 b) $50,000 c) $45,000 d) $55,000

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