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Determine the amount of pension plan assets

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

($ in millions) Plan assets at fair value, January 1 $630 Expected return on plan assets 63 Actual return on plan assets 50 Contributions to the pension fund (end of year) 106 Amortization of net loss 11 Pension benefits paid (end of year) 14 Pension expense 78

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

Reference no: EM132664897

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