(Answered) Question at january 1 2014 wembley company had plan assets

Accounting

Question: At January 1, 2014, Wembley Company had plan assets of $250,000 and a defined benefit obligation of the same amount. During 2014, service cost was $27,500, the discount rate was 10%, actual return on plan assets was $25,000, contributions were $20,000, and benefits paid were $17,500. Based on this information, what would be the defined benefit obligation for Wembley Company at December 31, 2014?

(a) $277,500.

(b) $285,000.

(d) $302,500.

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