(Answered) Question computation of actual return gingrich importers

Accounting

Question: (Computation of Actual Return) Gingrich Importers provides the following pension plan information.

Fair Value of pension plan assets, January 1, 2014 $2,400,000

Fair Value of pension plan assets, December 31, 2014 2,725,000

Contributions to the plan in 2014 280,000

Benefits paid retirees in 2014 350,000

Instructions: From the data above, compute the actual return on the plan assets for 2014.

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