Compute the actual return on plan assets

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Question - The following information relates to the pension plan for employees of Nye Co.:

12/31/17 12/31/18

Projected benefit obligation 2,490,000 3,335,000

Fair value of plan assets 2,600,000 2,870,000

Nye's contribution was $315,000 in 2018 and benefits paid were $235,000.

Required - Compute the actual return on plan assets in 2018.

Reference no: EM132779486

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