Evergreen Systems Ltd. had pension plan assets of $3,000 million at the beginning of the year and $3,250 million at the end of the year. During the year: • . Retiree benefits paid by the trustee amounted to $90 million Cash invested in the pension fund was $110 million Calculate the percentage rate of return on the pension plan assets.

Evergreen Systems Ltd. had pension plan assets of $3,000 million at the beginning of the year and $3,250 million at the end of the year. During the year: • . Retiree benefits paid by the trustee amounted to $90 million Cash invested in the pension fund was $110 million Calculate the percentage rate of return on the pension plan assets.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter19: Accounting For Post Retirement Benefits

Section: Chapter Questions

Problem 3RE: Pinecone Company has plan assets of 500,000 at the beginning of the current year and expects to earn...

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Pension plan assets were $2,350 million at the beginning of the year and $2,580 million at the end of the year. At the end of the year, retiree benefits paid by the trustee were $61 millionand cash invested in the pension fund was $62 million. What was the percentage rate of return on plan assets? Problem related to accounting