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Use the Following Information for Questions

Question 61

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Use the following information for questions
The following information relates to the pension plan for the employees of Turner Co.: Use the following information for questions The following information relates to the pension plan for the employees of Turner Co.: Turner estimates that the average remaining service life is 16 years.Turner's contribution was $756,000 in 2016 and benefits paid were $564,000. -The gain or loss on plan assets in 2016 is A) $96,000 gain. B) $201,360 loss. C) $230,400 loss. D) $68,000 gain.
Turner estimates that the average remaining service life is 16 years.Turner's contribution was $756,000 in 2016 and benefits paid were $564,000.
-The gain or loss on plan assets in 2016 is


A) $96,000 gain.
B) $201,360 loss.
C) $230,400 loss.
D) $68,000 gain.

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