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Determine the amount of pension plan assets at fair value

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Reference no: EM13846970

The following information relates to Schmidt Sausage Co.'s defined benefit pension plan during the current reporting year:

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

  ($ in millions)
Plan assets begiiming of the year $400
Expected return on plan assets 40
Actual return on plan assets 32
Cash contributions 60
Amortization of net loss 8
Retiree benefits 9

Reference no: EM13846970

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