A defined benefit pension plan had the following activity during the fiscal year: Dividends and interest received
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Question:
A defined benefit pension plan had the following activity during the fiscal year: Dividends and interest received $92,000 Contributions received from employers and employees 340,000 Administrative expenses 45,400 Investments purchased 155,000 Increase in fair value of investments at year end 36,750 What should be reported as the total additions in the pension plan's statement of changes in net assets available for benefits?
Related Book For
Governmental and Nonprofit Accounting Theory and Practice
ISBN: 978-0133799569
11th edition
Authors: Robert J. Freeman, Craig D. Shoulders, Dwayne N. McSwain, Robert B. Scott
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