Gingrich Importers provides the following pension plan information. Fair value of pension plan assets, January 1, 2014

Question:

Gingrich Importers provides the following pension plan information.

Fair value of pension plan assets, January 1, 2014                 $2,400,000
Fair value of pension plan assets, December 31, 2014             2,725,000
Contributions to the plan in 2014                                                 280,000
Benefits paid retirees in 2014                                                       350,000

Instructions
From the data above, compute the actual return on the plan assets for 2014.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Intermediate Accounting

ISBN: 978-1118147290

15th edition

Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield

Question Posted: