The following data are for the pension plan for the employees of Nickels Company.
Nickels' contribution was $1,260,000 in 2008 and benefits paid were $1,125,000. Nickels esti-mates that the average remaining service life is 15 years.
-The actual return on plan assets in 2008 was
A) $900,000.
B) $765,000.
C) $600,000.
D) $465,000.

Question

The following data are for the pension plan for the employees of Nickels Company.
  Nickels' contribution was $1,260,000 in 2008 and benefits paid were $1,125,000. Nickels esti-mates that the average remaining service life is 15 years.
-The actual return on plan assets in 2008 was
A) $900,000. 
B) $765,000. 
C) $600,000. 
D) $465,000.

Quizplus · Accepted Answer

($9,900,000 - $9,000,000) - $1,260,000 + $1,125,000 = $765,000

The Following Data Are for the Pension Plan for the Employees