Pension plan assets were $1,900 million at the beginning of the year and $2,018 million at the end of the year. At the end of the year, retiree benefits paid by the trustee were $42 million and cash invested in the pension fund was $46 million. What was the percentage rate of return on plan assets?

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Pension plan assets were $1,900
million at the beginning of the year and
$2,018 million at the end of the year. At
the end of the year, retiree benefits paid
by the trustee were $42 million and
cash invested in the pension fund was
$46 million.
What was the percentage rate of return
on plan assets?
Transcribed Image Text:Pension plan assets were $1,900 million at the beginning of the year and $2,018 million at the end of the year. At the end of the year, retiree benefits paid by the trustee were $42 million and cash invested in the pension fund was $46 million. What was the percentage rate of return on plan assets?
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