Question
From the following information given below: Prepare the Statement of Changes in Plan Net Positon. Read the table carefully, choose the items as per your
From the following information given below:
Prepare the Statement of Changes in Plan Net Positon. Read the table carefully, choose the items as per your requirement.
Particulars | Amount | Particulars | Amount |
Contributions | deductions | ||
employer | 250,000 | ||
plan members | 250,000 | administrative cost | 35,000 |
members of S. organization | 350,000 | salary for the staff | 375,000 |
executive plan members | 450,000 | building repair | 39,000 |
investment income | motor vehicle maintenance | 40,000 | |
interest Income | 50,000 | depreciation on equipment | 25,000 |
Net appreciation in fair value of investment | 75,000 | depreciation on building | 55,000 |
dividends | 35,000 | overhead expenses | 130,000 |
interest on capital investment | 55,000 | interest paid | 75,000 |
interest received on dividend | 45,000 | Net Position held in the trust for pension benefits beginning of the year | 3,475,000 |
Net Position held in the trust for pension benefits end of the year | ????? Calculate | ||
investment expenses | 25,000 | ||
benefits given | 245,000 |
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