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 2016 and benefits paid were $1,125,000.Lockett
estimates that the average remaining service life is 15 years.
-The actual return on plan assets in 2016 was
A) $900,000.
B) $765,000.
C) $600,000.
D) $465,000.
Correct Answer:
Verified
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