The following information pertains to Gali Companys defined benefit pension plan for 2014: Fair value of plan
Question:
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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The actual return on plan assets is equal to the beginning plan assets balan...View the full answer
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Related Book For
Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
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