Quinn Company has a defined benefit plan. The fair value of plan assets on January 1 . 2014, was $1,500,000 . No unrecognized net loss or gain existed. On December 31 . 2014, the fair value of the plan assets was $1,860,000 . Benefits paid to retirees equaled $300,000 . Company contributions to the plan totaled $360,000 . The settlement rate was 8 percent, and the expected long-term rate of
return on plan assets was 1 . percent. The actual return on plan assets was
a. $150,000.
b. $180,000.
c. $224,000.
d. $300,000.
D
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