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How do determine the actual rate of return on plan assets

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Reference no: EM132663265

Analyzing Change in Plan Asset BalanceAccount balances, Dec 31

Plan Assets: 280,020

Activity 2021

The Blackhawk Company implemented a defined benefit pension plan for its employees.

Projected Benefit Obligation: $280,000

Actual return on plan assets: $8,120

Benefits paid to employees: 12,000

Employer contributions: 15,000

Problem A. Determine the balance in Plan Assets on January 1

Problem B. Determine the actual rate of return on plan assets.

Reference no: EM132663265

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