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LA Laboratories has a defined benefit retirement plan. The companys annual financial statements include the following excerpt about these plans (in millions). Plans' assets at
LA Laboratories has a defined benefit retirement plan. The companys annual financial statements include the following excerpt about these plans (in millions).
Plans' assets at fair value, January 1 | $6,772 |
Actual return on plan assets | 631 |
Company contributions | 582 |
Benefits paid | (242) |
Other, including foreign currency translation | (201) |
Plan assets at fair value, December 31 | $7,542 |
What was the pension-related cash flow for the company during the year?
Select one:
a. $582 million cash inflow
b. $631 million cash inflow
c. $242 million cash outflow
d. $582 million cash outflow
e. $631 million cash outflow
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