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Compute the actual return on the plan assets

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Reference no: EM131592877

Question: (Computation of Actual Return) Gingrich Importers provides the following pension plan information.

Fair Value of pension plan assets, January 1, 2014                                  $2,400,000

Fair Value of pension plan assets, December 31, 2014                               2,725,000

Contributions to the plan in 2014                                                             280,000

Benefits paid retirees in 2014                                                                  350,000

Instructions: From the data above, compute the actual return on the plan assets for 2014.

Reference no: EM131592877

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