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Apr 4

1 the value of the company pension plan ?

Awon limited funds it's define pension plan by contributing each year the years service cost plus a portion of the prior service cost cash of shs 4.6million was contributed to the pension fund at the end of 1996 . Plan assets at the beginning of 1996 was valued at sh 35 million . The expected rate of return on investment of those asset was 9% but actual return in 1996 was 10% . Retirement benefit of sh 3.6 million was paid by the end of 1996 to retired employees

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