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Compute the actual return on the plan assets

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Reference no: EM132013992

Question - Gingrich Importers provides the following pension plan information.

Fair value of pension plan assets, January 1, 2014 - $2,400,000

Fair value of pension plan assets, December 31, 2014 - 2,725,000

Contributions to the plan in 2014 - 280,000

Benefits paid retirees in 2014 - 350,000

From the data above, compute the actual return on the plan assets for 2014.

Reference no: EM132013992

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