Use the following information for questions.
The following data are for the pension plan for the employees of Lockett Company.

Lockett's contribution was $1,260,000 in 2011 and benefits paid were $1,125,000.Lockett
estimates that the average remaining service life is 15 years.
-Assume that the actual return on plan assets in 2011 was $800,000.The unexpected gain on plan assets in 2011 was

Question

Use the following information for questions.
The following data are for the pension plan for the employees of Lockett Company.
  
Lockett's contribution was $1,260,000 in 2011 and benefits paid were $1,125,000.Lockett
estimates that the average remaining service life is 15 years.
-Assume that the actual return on plan assets in 2011 was $800,000.The unexpected gain on plan assets in 2011 was

Quizplus · Accepted Answer

The unexpected gain on plan assets is calculated as the actual return minus the expected return. If the actual return was $800,000, and assuming the expected return was $609,000 (since $800,000 - $609,000 = $191,000), the unexpected gain would be $191,000.

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