he importers provides the following pension plan information. Fair value of pension plan assets, January 1, 2025 Fair value of pension plan assets, December 31, 2025 Contributions to the plan in 2025 Benefits paid retirees in 2025 Actual return on plan assets for 2025 LA $2,575,000 $ 2,914,000 From the data above, compute the actual return on the plan assets for 2025. 299,000 366,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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he importers provides the following pension plan information.
Fair value of pension plan assets, January 1, 2025
Fair value of pension plan assets, December 31, 2025
Contributions to the plan in 2025
Benefits paid retirees in 2025
Actual return on plan assets for 2025
LA
$2,575,000
$
2,914,000
From the data above, compute the actual return on the plan assets for 2025.
299,000
366,000
Transcribed Image Text:he importers provides the following pension plan information. Fair value of pension plan assets, January 1, 2025 Fair value of pension plan assets, December 31, 2025 Contributions to the plan in 2025 Benefits paid retirees in 2025 Actual return on plan assets for 2025 LA $2,575,000 $ 2,914,000 From the data above, compute the actual return on the plan assets for 2025. 299,000 366,000
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