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At the end of the year retiree benefits paid by the trustee

1. Pension plan assets were $100 million at the beginning of the year and $104 million at the end of the year. At the end of the year, retiree benefits paid by the trustee were $6 million and cash invested in the pension fund was $7 million. What was the percentage rate of return on plan assets?

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Accounting Basics: At the end of the year retiree benefits paid by the trustee

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Accounting Basics: At the end of the year retiree benefits paid by the trustee

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