Question: Given the following items and amounts, compute the actual return on plan assets: fair value of plan assets at the beginning of the period $9,500,000;

Given the following items and amounts, compute the actual return on plan assets: fair value of plan assets at the beginning of the period $9,500,000; benefits paid during the period $1,400,000; contributions made during the period $1,000,000; and fair value of the plan assets at the end of the period $10,150,000. Discuss.

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