Answer:
$23,950
Explanation:
Income $100,000
Expenses $75,000
Depreciation $22,000
income tax rate = 35%
Income $100,000
Expenses ($75,000)
Depreciation ($22,000)
EBT $3,000
Income Tax $3,000 * (35/100) = $1,050
Net Income $1,950
ATCF
=Earnings Before Tax + Depreciation
=$1,950 + $22,000 = $23,950
As u asked in ur question which food we should have before exercise : ANSWER is - Option (B)
cross check if u have doubt it's correct..
The projected benefit obligation was underfunded at the end of 2021 by: $40,000
Solution:
Given,
PBO, January 1, $240,000
December 31, $270,000
pension plan assets (fair value) January 1, $180,000
December 31, $230,000
Now ,
The projected benefit obligation was underfunded at the end of 2021 by :
PBO ($270,000)
Plan assets 230,000
Funded status ($40,000) [ $270,000 - 230,000 ]
∴ The projected benefit obligation was underfunded at the end of 2021 by: $40,000
