Question
Cullumber Importers provides the following pension plan information. Fair value of pension plan assets, January 1, 2025 $2,463,000 Fair value of pension plan assets, December
Cullumber Importers provides the following pension plan information.
| Fair value of pension plan assets, January 1, 2025 | $2,463,000 | |
| Fair value of pension plan assets, December 31, 2025 | 2,815,000 | |
| Contributions to the plan in 2025 | 262,000 | |
| Benefits paid retirees in 2025 | 328,000 |
From the data above, compute the actual return on the plan assets for 2025.
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Quality Audits For Improved Performance
Authors: Dennis R. Arter
2nd Edition
0873892631, 978-0873892636
