Lee's pension trust reported the following events on its statement of changes in net assets for the year ended December 31, 2016: Interest revenue Dividend revenue $15,000 $41,000 $10,000 Realized gains (losses) from the sale of investments Unrealized gains (losses) from holding pension assets ($8,000) Employer's contribution during 2016 Pensions paid during 2016 $60,000 $42,000 For the year ended December 31, 2016, what is the actual return on pension assets? A. $66,000 B. $56,000 C. $76,000 D. $58,000 E. $74,000

SWFT Individual Income Taxes
43rd Edition
ISBN:9780357391365
Author:YOUNG
Publisher:YOUNG
Chapter19: Deferred Compensation
Section: Chapter Questions
Problem 35P
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Lee's pension trust reported...account question

Lee's pension trust reported the following events on its statement of
changes in net assets for the year ended December 31, 2016:
Interest revenue
Dividend revenue
$15,000
$41,000
$10,000
Realized gains (losses) from the sale of investments
Unrealized gains (losses) from holding pension assets ($8,000)
Employer's contribution during 2016
Pensions paid during 2016
$60,000
$42,000
For the year ended December 31, 2016, what is the actual return on
pension assets?
A. $66,000
B. $56,000
C. $76,000
D. $58,000
E. $74,000
Transcribed Image Text:Lee's pension trust reported the following events on its statement of changes in net assets for the year ended December 31, 2016: Interest revenue Dividend revenue $15,000 $41,000 $10,000 Realized gains (losses) from the sale of investments Unrealized gains (losses) from holding pension assets ($8,000) Employer's contribution during 2016 Pensions paid during 2016 $60,000 $42,000 For the year ended December 31, 2016, what is the actual return on pension assets? A. $66,000 B. $56,000 C. $76,000 D. $58,000 E. $74,000
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