Question

The following information pertains to Gali Company’s defined benefit pension plan for 2014:
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 2014?



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  • CreatedSeptember 10, 2014
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