E20-6 - 20-6 Your answer is correct. (Computation of Actual...

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Unformatted text preview: 20-6 Your answer is correct. (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 From the data above, compute the actual return on the plan assets for 2012. $ 395,000 E20-6 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 $280,000 350,000 Less benefits paid during 2012 Actual return on plan assets for 2012 $2,725,000 2,400,000 325,000 (70,000) $395,000 ...
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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.

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