Question
The following information relates to the pension plan for employees of Nye Co.: 12/31/17 12/31/18 Projected benefit obligation 2,490,000 3,335,000 Fair value of plan assets
The following information relates to the pension plan for employees of Nye Co.:
12/31/17 12/31/18
Projected benefit obligation 2,490,000 3,335,000
Fair value of plan assets 2,600,000 2,870,000
Nye's contribution was $315,000 in 2018 and benefits paid were $235,000.
Compute the actual return on plan assets in 2018. Show computation.
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Cost-Benefit Analysis Concepts and Practice
Authors: Anthony E. Boardman, David H. Greenberg, Aidan R. Vining, David L. Weimer
5th edition
1108401295, 9781108415996, 1108415997, 978-1108401296
