Q1) James Paul importers gives pension plan information which is given below:
Fair value of pension plan assets, January 1, 2011
$2,300,000
Fair value of pension plan assets, December 31, 2011
2,725,000
Contributions to the plan in 2011
250,000
Benefits paid retirees in 2011
350,000
Instructions
From data given above, calculate actual return on plan assets for 2011.