Reference no: EM132716938

The following data relate to Voltaire 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:

Problem 1: 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.)