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Calculate the actual return on the plan assets

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Reference no: EM132805943

Biggio Importers provides the following pension plan information:

Fair value of pension plan assets, January 1, 2020 $1,438,750

Fair value of pension plan assets, December 31, 2020 $1,586,875

Contributions to the plan in 2020 $212,500

Benefits paid to retirees in 2020 $218,750

Problem 1: From the information provided above, calculate the actual return on the plan assets for 2020.

Reference no: EM132805943

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