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The pension plan assets for Willow Creek Technologies were $2,500 million at the beginning of the year and $2,750 million at the end of the year. During the year, retiree benefits paid by the trustee amounted to $50 million, and cash invested in the pension fund was $60 million. What was the percentage rate of return on the plan assets?

The pension plan assets for Willow Creek Technologies were $2,500 million at the beginning of the year and $2,750 million at the end of the year. During the year, retiree benefits paid by the trustee amounted to $50 million, and cash invested in the pension fund was $60 million. What was the percentage rate of return on the plan assets?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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What was the percentage rate of return on the plan assets for this financial accounting question?

The pension plan assets for Willow Creek Technologies were $2,500 million at the beginning of the year and $2,750 million at the end of the year. During the year, retiree benefits paid by the trustee amounted to $50 million, and cash invested in the pension fund was $60 million. What was the percentage rate of return on the plan assets?
Transcribed Image Text:The pension plan assets for Willow Creek Technologies were $2,500 million at the beginning of the year and $2,750 million at the end of the year. During the year, retiree benefits paid by the trustee amounted to $50 million, and cash invested in the pension fund was $60 million. What was the percentage rate of return on the plan assets?
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