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Sage Importers provides the following pension plan information. Fair value of pension plan assets, January 1, 2020 $2,530,000 Fair value of pension plan assets, December
Sage Importers provides the following pension plan information.
| Fair value of pension plan assets, January 1, 2020 | $2,530,000 | |
| Fair value of pension plan assets, December 31, 2020 | 2,835,000 | |
| Contributions to the plan in 2020 | 261,000 | |
| Benefits paid retirees in 2020 | 334,000 |
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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Financial Accounting Australia And New Zealand Edition
Authors: Jerry J. Weygandt
11th Edition
1119668654, 978-1119668657
