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Exercise 20-6 Buffalo Importers provides the following pension plan information. Fair value of pension plan assets, January 1, 2017 $2,575,000 Fair value of pension plan
Exercise 20-6
Buffalo Importers provides the following pension plan information.
Fair value of pension plan assets, January 1, 2017 | $2,575,000 | |
Fair value of pension plan assets, December 31, 2017 | 2,914,000 | |
Contributions to the plan in 2017 | 299,000 | |
Benefits paid retirees in 2017 | 366,000 |
From the data above, compute the actual return on the plan assets for 2017.
Actual return on plan assets for 2017 | $ |
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