Longlee Electrical Company maintains a fund to cover its pension plan. The following data relate to the
Question:
Compute the 2011 actual return on the pension fund for LongleeElectrical.
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FVPF Market-related value of the pension fund January I $875.000 (5-year weighted average) Contributions made to the fund Market-related value of the pension fund 715,000 62.000 70,000 980,000 During year Pnson benefits paid December 3 FVPF (5-year weighted average) 730,000
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Fair value of the pension fund x December 31 2011 980000 Fair ...View the full answer
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Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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