The following information pertains to Pernell Company's pension plan. Beginning PBO: $500,000; current service cost $50,000; discount rate: 6%; contributions by Pernell: $40,000; benefits paid to employees: $25,000; loss on PBO: $5,000. The ending balance of the PBO will be:

= $560,000

Explanation:

Given that:

As we know that service cost; gains and losses; payments to retired employees; prior service cost; interest cost; payments to employees are factors that change the balance of the PBO

So the ending balance of the PBO will be:

Beginning PBO + Current Service Cost + Interest cost Loss on PBO -Benefits paid to employees

$500,000 + $50,000+ $30,000+$5,000-$25,000

= $560,000

answer; i believe the answer is 40,600,000;

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