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Marin Importers provides the following pension plan information. Fair value of pension plan assets, January 1, 2020 $2,326,000 Fair value of pension plan assets, December
Marin Importers provides the following pension plan information.
| Fair value of pension plan assets, January 1, 2020 | $2,326,000 | |
| Fair value of pension plan assets, December 31, 2020 | 2,655,000 | |
| Contributions to the plan in 2020 | 308,000 | |
| Benefits paid retirees in 2020 | 377,000 |
From the data above, compute the actual return on the plan assets for 2020.
| Actual return on plan assets for 2020 |
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Cost Management A Strategic Emphasis
Authors: Edward Blocher, David Stout, Paul Juras, Gary Cokins
7th edition
77733770, 978-0077733773
