For
Castor Corporation, year-end plan assets were $1,750,000. At the beginning of
the year, plan assets were $1,350,000. During the year, contributions to the
pension fund were $170,000, while benefits paid were $140,000.
Calculate
Castor’s actual return on plan assets.
Ending plan assets $1,750,000
Beginning plan assets 1,350,000
Increase in plan assets 400,000
Deduct:
Contributions $170,000
Less:
benefits paid (140,000 ) (30,000 )
Actual return on plan assets $ 370,000
