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Compute the balance of the fair value of plan assets

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Reference no: EM132854345

Question - Information on an entity's plan assets is shown below:

Fair value of plan assets, Jan 1 234,000

Return on plan assets 24,000

Contributions to the retirement fund during the year 120,000

Benefits paid to retirees 79,000

Actuarial loss 12,000

Required - Compute the balance of the fair value of plan assets as of year-end.

Reference no: EM132854345

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