(Answered) Question - computation of actual returngingrich importers

Accounting

Question - Computation of Actual Return

Gingrich Importers provides the following pension plan information.

Fair value of pension plan assets, January 1, 2012 $2,400,000

Fair value of pension plan assets, December 31, 2012 2,725,000

Contributions to the plan in 2012 280,000

Benefits paid retirees in 2012 350,000

Instructions - From the data above, compute the actual return on the plan assets for 2012.

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