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Big Cheese Accountants follows IFRS and offers a defined benefit pension plan to its employees. Pertinent details for the year ended December 31, 2028, are
Big Cheese Accountants follows IFRS and offers a defined benefit pension plan to its employees. Pertinent details for the year ended December 31, 2028, are as follows:
Current service cost, end of year | $60,000 |
Past service cost - beginning of year | $10,000 |
Contribution to the plan, made evenly throughout the year | $360,000 |
Benefits paid to retirees, December 31st | $185,000 |
Discount rate used by actuary | 8% |
Plan assets, beginning of year | $890,000 |
Plan assets, end of year | $1,210,000 |
What is the unexpected gain or loss on plan assets?
Enter gain as positive (ie. 1000) and loss as negative (ie. -1000). Do not use commas, $ in your answer.
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