Levi Corp. provides the following pension plan information. Fair value of pension plan assets, January...
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Accounting
Levi Corp. provides the following pension plan information.
Fair value of pension plan assets, January 1, 2012 $2,400,000
Fair value of pension plan assets, December 31, 2012 2,725,000
Contributions to the plan in 2012 280,000
Benefits paid retirees in 2012 350,000
Discount (interest) rate 7%
Calculate the company's asset gain or loss.
Select one:
a. $325,000
b. $168,000
c. $227,000
d. $395,000
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