Question
13-)The 2011 values for a pension fund are provided in the table below, in millions of dollars. Pension Assets Beginning value on
13-)The 2011 values for a pension fund are provided in the table below, in millions of dollars.
| Pension Assets | |
| Beginning value on 1 January Change in value in 2011 | $90.11 10.30% |
| Pension Liabilities Beginning value on 1 January Change in value in 2011 | $27.23 60% |
Calculate the surplus return for this fund
Step by Step Solution
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Step: 1
To calculate the surplus return for the pension fund we need to compare the ...
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Accounting for Governmental and Nonprofit Entities
Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely
18th edition
1260190080, 1260190083, 978-1259917059
