Reference no: EM132942192
Question - The following information relates to the defined benefit pension plan of the McDonald Company for the year ending December 31, 2002:
Present value defined benefit obligation, January 1 $4,600,000
Present value defined benefit obligation, December 31 4,729,000
Fair value of plan assets, January 1 5,035,000
Fair value of plan assets, December 31 5,565,000
Expected return on plan assets 450,000
Amortization of deferred gain 32,500
Employer contributions 425,000
Benefits paid to retirees 390,000
Discount rate 10%
Required - What the return on plan assets for the year?
a. $105,000.
b. $495,000.
c. $503,500.
d. $530,000.
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