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he following data relate to Voltaire Companys defined benefit pension plan: ($ in millions) Plan assets at fair value, January 1 $ 740 Expected return
he following data relate to Voltaire Companys defined benefit pension plan: |
($ in millions) | |||
Plan assets at fair value, January 1 | $ | 740 | |
Expected return on plan assets | 74 | ||
Actual return on plan assets | 59 | ||
Contributions to the pension fund (end of year) | 128 | ||
Amortization of net loss | 14 | ||
Pension benefits paid (end of year) | 19 | ||
Pension expense | 100 | ||
Required: |
Determine the amount of pension plan assets at fair value on December 31. (Enter your answers in millions. Amounts to be deducted should be indicated with a minus sign.) |
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