Maple disclose as actual return on plan assets


Problem: The following information pertains to Maple Co's defined benefit pension plan for 2004:

Fair value of plan assets, beginning of year    $350,000
Fair value of plan assets, end of year              525,000
Employer contributions                                   110,000
Benefits paid                                                   85,000

What amount should Maple disclose as actual return on plan assets?

a.    $ 65,000
b.    $ 150,000
c.    $ 175,000
d.    $ 260,000

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Maple disclose as actual return on plan assets
Reference No:- TGS01929524

Now Priced at $20 (50% Discount)

Recommended (92%)

Rated (4.4/5)