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Exercise 20-6 Pearl Importers provides the following pension plan information. Fair value of pension plan assets, January 1, 2017 $2,441,000 Fair value of pension plan
Exercise 20-6
Pearl Importers provides the following pension plan information.
| Fair value of pension plan assets, January 1, 2017 | $2,441,000 | |
| Fair value of pension plan assets, December 31, 2017 | 2,788,000 | |
| Contributions to the plan in 2017 | 265,000 | |
| Benefits paid retirees in 2017 | 331,000 |
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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Frank Woods Business Accounting Volume 1
Authors: Alan Sangster Lewis Gordon Frank Wood
14th Edition
1292208627, 9781292208626
