[EDM1204]

NINJA Question –

Anyone else find discrepancies between the same questions from both sources? I found a couple and do not know who is right and who is wrong. I trust NINJA more but I’m still nervous because I take the FAR section on Saturday

F- 78
A- 70, 69, 74, 70
R- 68, 70
B- 76

[EDM1204]

Webb Co. implemented a defined benefit pension plan for its employees on January 1, Year 5. During Years 5 and 6, Webb’s contributions fully funded the plan. The following data are provided:

Year 8 Year 7

Estimated Actual

Project benefit obligation, December 31 $750,000 $700,000

Accumulated benefit obligation, December 31 20,000 500,000

Plan assets at fair value, December 31 675,000 600,000

Projected benefit obligation in excess of plan assets 75,000 100,000

Pension expense 90,000 75,000

Employer's contribution ? 50,000

What amount should Webb contribute in order to report an underfunded pension liability of $15,000 in its December 31, Year 8, balance sheet?

A. $50,000

B. $60,000

C. $75,000

D. $100,000

NINJA says the answer is B

Roger says the answer is D

perhaps some T- accounts or a explanation that is easy to follow?

F- 78
A- 70, 69, 74, 70
R- 68, 70
B- 76

[alafount02]

I had the same issue when I took AUD, but I didn't find a resolution.

AUD: 5/2/15-79
FAR: 8/31/15-80
REG: 11/15/15 -79
BEC: Feb-20-16-71 April 16-77 DONE!

[EDM1204]

@alafount02 when you took the exam did you run across a question that was similar to the practice question and did you face the same problem?

F- 78
A- 70, 69, 74, 70
R- 68, 70
B- 76

[Yaz88]

would like an answer too, USing roger for FAR… GOOD luck on Saturday

[Mika]

Good luck guys!

REG - 80 (02/13/2015) Roger + Ninja Flash Card + Ninja MCQ + Becker's Note
FAR - 84 (05/29/2015) Roger + Ninja MCQ + Some Wiley book questions
BEC - 77 (08/27/2015) Roger + Ninja MCQ + Half Wiley book questions
AUD - 87 (08/28/2015) Roger + Ninja MCQ + Half Wiley book questions

[Yaz88]

Anyone

[Muse0407]

@Yaz88

So did this get resolved??

[Muse0407]

@EDM1204

Did you figure the discrepancy out?

[EDM1204]

@muse0407 thanks for the concern, unfortunately I never found out the TRUE answer and I have already taken the FAR exam. Crossing my fingers that I passed. Aug 4th cannot come soon enough

F- 78
A- 70, 69, 74, 70
R- 68, 70
B- 76

[Muse0407]

@EDM1204

Thanks for your reply. I just re-posted this under “FAR Study Group Q3 2015” which may have better traffic and attention, perhaps. Let's see if anyone can help. However, I hope you'll be happy with the result on Aug 4th! I'm taking FAR on Tuesday!

[EDM1204]

@Muse0407 goodluck with FAR and hopefully we both can pass it on this current attempt!!

F- 78
A- 70, 69, 74, 70
R- 68, 70
B- 76

[Author]

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