The following information pertains to Gali Companys defined benefit pension plan for 20X1: Fair value of plan
Question:
The following information pertains to Gali Company’s defined benefit pension plan for 20X1:
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 20X1?
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Related Book For
Financial Reporting And Analysis
ISBN: 9781260247848
8th Edition
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
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