Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN: 9781337788281
Author: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher: Cengage Learning
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Transcribed Image Text:Pension plan assets were $91 million at the beginning
of the year and $97 million at the end of the year. At
the end of the year, retiree benefits paid by the trustee
were $9 million and cash invested in the pension fund
was $5 million. What was the percentage rate of return
on plan assets?
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