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What is the actual return on pension plan assets

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Reference no: EM132904845

Question - ABC Company showed in its memorandum records the following balances for the year 2020:

Fair value of plan assets, Jan 1, 2020 4,600,000

Fair value of plan assets, Dec 31, 2020 4,950,000

Contribution to the plan 500,000

Benefits paid to the retirees 700,000

Interest cost used by the entity 10%

1. What is the amount of actuarial gain or loss that will be taken to other comprehensive income?

2. What is the actual return on pension plan assets?

Reference no: EM132904845

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