What amount was reported by Jolo Company as actual return on plan assets? 1 000 000 1 100 000 900 000 200 000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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What amount was reported by Jolo Company as actual return on plan assets?

1 000 000

1 100 000

900 000

200 000

Jolo Company provided the following data:
January 1 Fair Value of plan assets 8,750,000
During the year Pension benefits paid 600,000
Contribution made to the fund 700,000
Interest income on plan assets 900,000
Remeasurement gain on plan assets ?
December 31 Fair value of plan assets 9,950,000
Transcribed Image Text:Jolo Company provided the following data: January 1 Fair Value of plan assets 8,750,000 During the year Pension benefits paid 600,000 Contribution made to the fund 700,000 Interest income on plan assets 900,000 Remeasurement gain on plan assets ? December 31 Fair value of plan assets 9,950,000
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