Question
Pension plan assets were $500 million at the beginning of the year and $539 million at the end of the year. At the end of
| Pension plan assets were $500 million at the beginning of the year and $539 million at the end of the year. At the end of the year, retiree benefits paid by the trustee were $14 million and cash invested in the pension fund was $18 million. |
| What was the percentage rate of return on plan assets? |
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The Audit Process Principles Practice And Cases
Authors: Iain Gray, Stuart Manson
3rd Edition
1861529465, 9781861529466
