Acc423 Intermediate Accounting: BE20-2 For Warren Corporation, year-end plan assets
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Acc423 Intermediate Accounting
BE20-2 For Warren Corporation, year-end plan assets were $2,000,000. At the beginning of the year, plan assets were $1,780,000. During the year, contributions to the pension fund were $120,000, and benefits paid were $200,000. Compute Warren’s actual return on plan assets.