Pension plan assets were 400 million at the beginning of, Accounting Basics

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Pension plan assets were 400 million at the beginning of

Problem

Pension plan assets were $400 million at the beginning of the year and $424 million at the end of the year. The return on plan assets was 5%. At the end of the year, cash invested in the pension fund was $22 million.

What was the amount of the retiree benefits paid by the trustee?

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Accounting Basics: Pension plan assets were 400 million at the beginning of

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Accounting Basics: Pension plan assets were 400 million at the beginning of

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