Use the Following Information for Questions 80 Through 84

question 3

Multiple Choice

Use the following information for questions 80 through 84.
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 $882,000 in 2015 and benefits paid were $658,000.
-The actual return on plan assets in 2015 is

• A) $476,000.
• B) $532,000.
• C) $686,000.
• D) $756,000.

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Definitions:

Debtor

An individual or organization that owes money to another entity.

Trustee

An individual or organization that holds and administers property or assets for the benefit of a third party.

Balance Sheet

A financial statement that provides a snapshot of a company's financial condition at a specific moment in time, detailing assets, liabilities, and equity.