Concord Importers provides the following pension plan information Fair value of pension plan assets, January 1, 2020 $2,502,000 Fair value of pension plan assets, December 31, 2020 2,848,000 Contributions to the plan in 2020 305,000 Benefits paid retirees in 2020 370,000 Required From the data abov...

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Concord Importers provides the following pension plan information. Fair value of pension plan assets, January 1, 2020

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Concord Importers provides the following pension plan information.

Fair value of pension plan assets, January 1, 2020		$2,502,000
Fair value of pension plan assets, December 31, 2020		2,848,000
Contributions to the plan in 2020		305,000
Benefits paid retirees in 2020		370,000

Required: From the data above, compute the actual return on the plan assets for 2020.

Actual return on plan assets for 2020

$enter the actual return on the plan assets for 2017 in dollars

Related Book For answer-question

Intermediate Accounting IFRS

ISBN: 978-1119372936

3rd edition

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

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Posted Date: May 26, 2022 01:12 AM

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Concord Importers provides the following pension plan information. Fair value of pension plan assets, January 1, 2020

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Intermediate Accounting IFRS

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