Reference no: EM131771809
For Beavers Corporation, year-end plan assets were $2,000,000. At the beginning of the year, plan assets were $1,680,000. During the year, contributions to the pension fund were $120,000, and benefits paid were $200,000. Computer Beavers actual return on plan assets.
Solution:
Ending plan assets $2,000,000
Beginning plan assets 1,680,000
Increase in plan assets 320,000
Deduct: Contributions $120,000
Less Benefits Paid 200,000 (80,000)
Actual Return on Plan Assets 400,000
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