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Concord Importers provides the following pension plan information. Fair value of pension plan assets, January 1, 2020 $2,502,000 Fair value of pension plan assets, December
Concord Importers provides the following pension plan information.
Fair value of pension plan assets, January 1, 2020 | $2,502,000 | |
Fair value of pension plan assets, December 31, 2020 | 2,848,000 | |
Contributions to the plan in 2020 | 305,000 | |
Benefits paid retirees in 2020 | 370,000 |
From the data above, compute the actual return on the plan assets for 2020.
Actual return on plan assets for 2020 | $enter the actual return on the plan assets for 2017 in dollars |
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