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Gingrich Importers provides the following pension plan information. Fair value of pension plan assets, January 1, 2014 $2,400,000 Fair value of pension plan assets, December
Gingrich Importers provides the following pension plan information.
| Fair value of pension plan assets, January 1, 2014 | $2,400,000 |
| Fair value of pension plan assets, December 31, 2014 | 2,725,000 |
| Contributions to the plan in 2014 | 280,000 |
| Benefits paid retirees in 2014 | 350,000 |
From the data above, compute the actual return on the plan assets for 2014.
| Actual return on plan assets for 2014 | $ |
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Accounting
Authors: Charles T Horngren, Walter T Harrison
9th Edition
132959674, 978-0132569057
