Reference no: EM132791410
Question - The following information relates to the defined benefit pension for the Milan Company for the year ending December 31, 2014:
PV of benefit obligation, January 1 P6,700,000
PV of benefit obligation, December 317,200,000
Fair value of plan assets, January 17,500,000
Fair value of plan assets, December 317,900,000
Expected return on plan assets 675,000
Amortization of deferred gain 48,750
Employer contribution 300,000
Benefits paid to retirees 600,000
Settlement rate 10%
How much would be the actual return on plant assets?
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