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Determine the balance of pension plan assets at fair value

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Reference no: EM13846953

The following information relates to Hatami Company's defined benefit pension plan during the current reporting year:

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

Plan assets at fair value, January 1 $600,000,000
Expected return on plan assets 50,000,000
Actual return on plan assets 40,000,000
Contributions to the pension fluid (end of year) 90,000,000
Amortization of net loss 0
Pension benefits paid (end of year) 32,000,000

Reference no: EM13846953

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