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Compute the actual return on plan assets for nye co

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Reference no: EM132773637

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

Problem 1: Nye's contribution was $315,000 in 2018 and benefits paid were $235,000. Compute the actual return on plan assets in 2018.

Reference no: EM132773637

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