Plan assets: Assets which are created, maintained and planned for a specific purpose or benefit is termed as plan asset. The contribution of both the employer and beneficiary is encouraged by the management and maintained by the officer appointed for pension planning. These contributions are distributed to various investments which yield good rate of return . Comprehensive income: A statement that shows the income or revenues or benefits and loss or expenses recognized over a specific period of time is termed as comprehensive income. (a) To determine the return on actual plan asset.

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Chapter 20, Problem 10ICA

To determine

Plan assets: Assets which are created, maintained and planned for a specific purpose or benefit is termed as plan asset. The contribution of both the employer and beneficiary is encouraged by the management and maintained by the officer appointed for pension planning. These contributions are distributed to various investments which yield good rate of return.

Comprehensive income: A statement that shows the income or revenues or benefits and loss or expenses recognized over a specific period of time is termed as comprehensive income.

(a)

To determine the return on actual plan asset.

To determine

(b)

To determine the amount of comprehensive income.

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