The Following Information Relates to the Defined Benefit Pension Plan

question 18

Multiple Choice

The following information relates to the defined benefit pension plan for the McDonald Company for the year ending December 31, 2011.

Using the information above, the actual return on plan assets for the year is

• A) $105,000.
• B) $495,000.
• C) $503,500.
• D) $530,000.

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Definitions:

Inaugural Address

A speech given during a ceremony that marks the beginning of a leader's term in office, often setting the tone and direction for their administration.

Federalist

An advocate or supporter of federalism, particularly referring to members of a political group in the United States in the late 18th and early 19th centuries that supported a strong centralized government and the ratification of the US Constitution.

Appointive Offices

Positions of authority or responsibility within an organization or government that are assigned to individuals rather than elected.