Mint Company Sponsors a Noncontributory,defined-Benefit Pension Plan

Multiple Choice

Mint Company sponsors a noncontributory,defined-benefit pension plan.At December 31,2014,the end of the company's fiscal year,the actuary's report showed pension benefits paid of $15,000,and PBO balance of $300,000.The trustee's report showed a beginning plan assets balance (at fair value) of $240,000,contributions for the year of $36,000,and an actual return on plan assets of 10 percent (the expected return was 9 percent) . The underfunded PBO at the end of 2014 was

A) $0.
B) $15,000.
C) $24,000.
D) $30,000.