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Information on an entity's plan assets is shown below: Fair value of plan assets, Jan 1 - 341,000 Contributions to the retirement fund during the
Information on an entity's plan assets is shown below:
Fair value of plan assets, Jan 1 - 341,000
Contributions to the retirement fund during the year - 32,000
Benefits paid to retirees - 89,000
Actuarial loss - 50,000
Fair value of plan assets, Dec. 31 - 335,000
How much is the return on plan assets during the year? show the solution and explain.
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