Determine the amount of pension plan assets

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Question: The following data relate to Voltaire Company's defined benefit pension plan:


($ in millions)

Plan assets at fair value, January 1

$600

Expected return on plan assets

60

Actual return on plan assets

48

Contributions to the pension fund (end of year)

100

Amortization of net loss

10

Pension benefits paid (end of year)

11

Pension expense

72

Required: Determine the amount of pension plan assets at fair value on December 31.

Reference no: EM131787469

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