Gingrich Importers provides the following pension plan information. Fair value of pension plan assets, January 1, 2014

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Gingrich Importers provides the following pension plan information.

Fair value of pension plan assets, January 1, 2014 $2,400,000
Fair value of pension plan assets, December 31, 2014 2,725,000
Contributions to the plan in 2014 280,000
Benefits paid retirees in 2014 350,000

Instructions
From the data above, compute the actual return on the plan assets for 2014.

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Intermediate Accounting

ISBN: 978-1118147290

15th edition

Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield

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Question Posted: Nov 12, 2022 09:56 AM

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Gingrich Importers provides the following pension plan information. Fair value of pension plan assets, January 1, 2014

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To compute the actual return on the plan assets for 2014 we can use the following formula Return End...View the full answer

Intermediate Accounting

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