James paul importers provides the following pension plan

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Reference no: EM13355506

James Paul importers provides the following pension plan information:

Fair value of pension plan assets, January 1, 2011

$2,300,000

Fair value of pension plan assets, December 31, 2011

2,725,000

Contributions to the plan in 2011

250,000

Benefits paid retirees in 2011

350,000

Instructions

From the data above, compute the actual return on the plan assets for 2011.

Reference no: EM13355506

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