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at the end of year 1, a defined benefit pension plan reported net assets available for benefits of $650,000. during year 2, the following items were recorded: investment income $ 300,000 contributions 1,350,000 administrative expenses 150,000 benefits paid directly to participants 900,000 what amount should the plan report as year-end net assets available for benefits in the year 2 statement of changes in net assets available for benefits? $600,000 $1,250,000 $1,650,000 $2,300,000

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$1,250,000 should the plan report as year-end net assets available for benefits in the year 2 statement of changes in net assets available for benefits.

In economic accounting, an asset is any aid owned or controlled by way of a commercial enterprise or an financial entity. it's far something (tangible or intangible) that can be used to provide positive economic fee. property represent price of ownership that may be converted into coins (even though coins itself is also considered an asset).[1] The stability sheet of a company facts the monetary[2] price of the property owned by that firm. It covers cash and different valuables belonging to an individual or to a enterprise. assets can be grouped into  essential training: tangible belongings and intangible assets. Tangible property include numerous subclasses, together with present day belongings and stuck assets.

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