The following data relate to Voltaire Company's defined benefit pension plan: ($ in millions) Plan assets at fair value, January 1 Expected return on plan assets Actual return on plan assets...


The following data relate to Voltaire Company's defined benefit pension plan:<br>($ in millions)<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>Pension benefits paid (end of year)<br>Pension expense<br>$600<br>60<br>48<br>100<br>10<br>11<br>72<br>Required:<br>Determine the amount of pension plan assets at fair value on December 31.<br>

Extracted text: The following data relate to Voltaire Company's defined benefit pension plan: ($ in millions) 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 Pension benefits paid (end of year) Pension expense $600 60 48 100 10 11 72 Required: Determine the amount of pension plan assets at fair value on December 31.

Jun 01, 2022
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