Concord Importers provides the following pension plan information. Fair value of pension plan assets, January 1, 2020
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Question:
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
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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