Gingrich Importers provides the following pension plan information. Fair value of pension plan assets, January 1, 2012

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Gingrich Importers provides the following pension plan information.

Fair value of pension plan assets, January 1, 2012 $2,400,000
Fair value of pension plan assets, December 31, 2012 2,725,000
Contributions to the plan in 2012 280,000
Benefits paid retirees in 2012 350,000

Instructions
From the data above, compute the actual return on the plan assets for 2012.

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Intermediate Accounting

ISBN: 978-0470587287

14th Edition

Authors: kieso, weygandt and warfield.

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Question Posted: Sep 17, 2022 10:25 AM

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Gingrich Importers provides the following pension plan information. Fair value of pension plan assets, January 1, 2012

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To compute the actual return on the plan assets for 2012 we can use the following formula Actual ...View the full answer

Intermediate Accounting

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