Information on an entity's plan assets is as follows: Fair value of plan assets, Jan 1 234.000 Fair value of plan assets, Dec 31 299.000 Contributions to the retirement fund during the 120.000 year Benefits paid to retirees 79,000 Actuarial loss 12.000 Discount rate 10% How much is the return on plan assets during the year? O 24.000 O 29,400 O 37,400 O 23,400
Information on an entity's plan assets is as follows: Fair value of plan assets, Jan 1 234.000 Fair value of plan assets, Dec 31 299.000 Contributions to the retirement fund during the 120.000 year Benefits paid to retirees 79,000 Actuarial loss 12.000 Discount rate 10% How much is the return on plan assets during the year? O 24.000 O 29,400 O 37,400 O 23,400
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 6MC
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