Question
Bridgeport Importers provides the following pension plan information. Fair value of pension plan assets, January 1, 2020 $2,223,000 Fair value of pension plan assets, December
Bridgeport Importers provides the following pension plan information.
| Fair value of pension plan assets, January 1, 2020 | $2,223,000 | |
| Fair value of pension plan assets, December 31, 2020 | 2,523,000 | |
| Contributions to the plan in 2020 | 302,000 | |
| Benefits paid retirees in 2020 | 374,000 |
From the data above, compute the actual return on the plan assets for 2020.
1. Actual Return on plan assets for 2020 =
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Introduction To Cost Accounting
Authors: Don R. Hansen, Maryanne Mowen, Liming Guan, Mowen/Hansen
1st International Edition
0538749636, 978-0538749633
