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

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The Answer of 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

Mint Company Sponsors a Noncontributory,defined-Benefit Pension Plan