Question
Question 2: (3 marks) Eagle Company reports the following pension plan information. Fair value of pension plan assets, January 1, 2020 1,300,000 Fair value of
Question 2: (3 marks)
Eagle Company reports the following pension plan information.
| Fair value of pension plan assets, January 1, 2020 | 1,300,000 |
| Fair value of pension plan assets, December 31, 2020 | 1,800,000 |
| Contributions to the plan in 2020 | 199,000 |
| Benefits paid retirees in 2020 | 350,000 |
| Discount (interest) rate | 10% |
Required
Based on above information, calculate the actual return on the plan assets for 2020. (3 marks)
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Audit Studies Behind The Scenes With Theory Method And Nuance
Authors: S. Michael Gaddis
1st Edition
3030100200, 978-3030100209
