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Q1) James Paul importers gives pension plan information which is given below:

Fair value of pension plan assets, January 1, 2011

$2,300,000

Fair value of pension plan assets, December 31, 2011

2,725,000

Contributions to the plan in 2011

250,000

Benefits paid retirees in 2011

350,000

Instructions

From data given above, find out actual return on plan assets for 2011.

Accounting Basics, Accounting

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  • Reference No.:- M916261

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