Problem 17-161 The following information relates to Hatami Company's defined benefit pension plan during the current reporting year: Plan assets at fair value, January 1 Expected return on plan assets...


Problem 17-161<br>The following information relates to Hatami Company's defined benefit pension plan during the current reporting year:<br>Plan assets at fair value, January 1<br>Expected return on plan assets<br>Actual return on plan assets<br>Contributions to the pension fund (end of year)<br>Amortization of net loss<br>$680, 000,000<br>58,000,000<br>48,000,000<br>98,000,000<br>Pension benefits paid (end of year)<br>Pension expense<br>40, 000,000<br>68,000,000<br>Required:<br>Determine the balance of pension plan assets at fair value on December 31. (Enter your answers in millions. Amounts to be deducted<br>should be indicated with a minus sign.)<br>Pension Plan<br>(S in millions)<br>Plan assets beginning of the year<br>Plan assets end of the year<br>

Extracted text: Problem 17-161 The following information relates to Hatami Company's defined benefit pension plan during the current reporting year: Plan assets at fair value, January 1 Expected return on plan assets Actual return on plan assets Contributions to the pension fund (end of year) Amortization of net loss $680, 000,000 58,000,000 48,000,000 98,000,000 Pension benefits paid (end of year) Pension expense 40, 000,000 68,000,000 Required: Determine the balance 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.) Pension Plan (S in millions) Plan assets beginning of the year Plan assets end of the year

Jun 09, 2022
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