Question
Asked Jan 26, 2020
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For Warren Corporation, year-end plan assets were $2,000,000. At the beginning of the year, plan assets were $1,780,000. During the year, contributions to the pension fund were $120,000, and benefits paid were $200,000. Compute Warren's actual return on plan assets

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Expert Answer

Step 1

Actual return: Return of gain or loss an investor earned on an investment portfolio.

 

Return on plan assets: It is an earning of interest, dividends, and any capital gains generated on the investment of plan assets, created for paying retirement benefits obligations of employees.

Step 2

Compute Warren’s actual return on plan ...

Accounting homework question answer, step 2, image 1
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