How much is actual return on plant assets? a. 200,000 b. 1,000,000 c. 1,100,000 d. 900,000
How much is actual return on plant assets? a. 200,000 b. 1,000,000 c. 1,100,000 d. 900,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Bey Company provided the below information for the current year:
· Fair value of plan assets, January 1: 8,750,000
· Fair value of plan assets, December 31: 9,950,000
· Pension benefits paid to retired employees: 600,000
· Interest income on plan assets: 900,000
· Contributions to the fund: 700,000
· Remeasurement gain/loss on plant assets: ??
How much is actual return on plant assets?
· Fair value of plan assets, January 1: 8,750,000
· Fair value of plan assets, December 31: 9,950,000
· Pension benefits paid to retired employees: 600,000
· Interest income on plan assets: 900,000
· Contributions to the fund: 700,000
· Remeasurement gain/loss on plant assets: ??
How much is actual return on plant assets?
a. 200,000
b. 1,000,000
c. 1,100,000
d. 900,000
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