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(Computation of Actual Return)
Gingrich Importers provides the following pension plan information.
Fair value of pension plan assets, January 1, 2012
Fair value of pension plan assets, December 31, 2012
Contributions to the plan in 2012
Benefits paid retirees in 2012
From the data above, compute the actual return on the plan assets for 2012.
Computation of Actual Return on Plan Assets
Fair value of plan assets, December 31, 2012
Fair value of plan assets, January 1, 2012
Increase in fair value of plan assets
Deduct: Contributions to the plan during 2012
Less benefits paid during 2012
Actual return on plan assets for 2012 $2,725,000
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This note was uploaded on 03/25/2012 for the course ACC 102 taught by Professor Benz during the Spring '12 term at CUNY Baruch.
- Spring '12