Question: Problem 4: Information on an entity's plan assets is shown below: Fair value of plan assets, Jan 1 234,000 Return on plan assets 24,000 Contributions

Problem 4: Information on an entity's plan assets is shown below: Fair value of plan assets, Jan 1 234,000 Return on plan assets 24,000 Contributions to the retirement fund during the year 120,000 Benefits paid to retirees 79,000 Actuarial loss 12,000 Compute for the balance of the fair value of plan assets as of year-end Problem 5

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