Horizon Tech Inc. had pension plan assets of $2,500 million at the beginning of the year and $2,650 million at the end of the year. During the year, the retiree benefits paid by the trustee amounted to $60 million, and the cash invested in the pension fund was $80 million. What was the percentage rate of return on pension plan assets?

Horizon Tech Inc. had pension plan assets of $2,500 million at the beginning of the year and $2,650 million at the end of the year. During the year, the retiree benefits paid by the trustee amounted to $60 million, and the cash invested in the pension fund was $80 million. What was the percentage rate of return on 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 9RE: Given the following information for Tyler Companys pension plan at the beginning of the year,...

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