The following information pertains to Gali Companys defined benefit pension plan for 20X1: Fair value of plan

Question:

The following information pertains to Gali Company’s defined benefit pension plan for 20X1:

Fair value of plan assets, beginning of year ............ $ 350,000
Fair value of plan assets, end of year ......................... 525,000
Employer contributions ................................................ 110,000
Benefits paid .................................................................... 85,000


Required:

What was the dollar amount of actual return on Gali Company’s plan assets in 20X1?

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Related Book For  book-img-for-question

Financial Reporting And Analysis

ISBN: 9781260247848

8th Edition

Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer

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