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Find balance of the defined benefit obligation at December

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Question - Presented below is information related to Peach Corporation's defined benefit pension plan for calendar 2020. The corporation uses IFRS.

Defined benefit obligation, Jan 1 $200,000

Fair value of plan assets, Jan 1 180,000

Current service cost 27,000

Contributions to plan 25,000

Actual and expected return on plan assets 9,000

Benefits paid to retirees 40,000

Interest (discount) rate 10%

Required - Find balance of the defined benefit obligation at December 31, 2020?

(A) $198,000.

(B) $185,000.

(C) $187,000.

(D) $207,000.

(E) $245,000.

Reference no: EM132619721

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