Wendell Co. reported the following on its pension statement for 2024: Description Interest revenue Dividend revenue Realized gains from investments Amount $18,000 $45,000 $12,000 Unrealized losses from holding pension assets ($6,000) Employer's contribution Pensions paid $70,000 $50,000 What is the actual return on pension assets for the year?

Wendell Co. reported the following on its pension statement for 2024: Description Interest revenue Dividend revenue Realized gains from investments Amount $18,000 $45,000 $12,000 Unrealized losses from holding pension assets ($6,000) Employer's contribution Pensions paid $70,000 $50,000 What is the actual return on pension assets for the year?

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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