Marin Importers provides the following pension plan information. Fair value of pension plan assets, January 1, 2020 $2,575,000 Fair value of pension plan assets, December 31, 2020 2,914,000 Contributions to the plan in 202O 299,000 Benefits paid retirees in 2020 366,000 From the data above, compute the actual return on the plan assets for 2020.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Marin Importers provides the following pension plan information.
Fair value of pension plan assets, January 1, 202O
$2,575,000
Fair value of pension plan assets, December 31, 2020
2,914,000
Contributions to the plan in 202O
299,000
Benefits paid retirees in 2020
366,000
From the data above, compute the actual return on the plan assets for 2020.
Actual return on plan assets for 2020
%24
Transcribed Image Text:Marin Importers provides the following pension plan information. Fair value of pension plan assets, January 1, 202O $2,575,000 Fair value of pension plan assets, December 31, 2020 2,914,000 Contributions to the plan in 202O 299,000 Benefits paid retirees in 2020 366,000 From the data above, compute the actual return on the plan assets for 2020. Actual return on plan assets for 2020 %24
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