The following data relate to Ramesh Company's defined benefit pension plan: ($ in millions) Plan assets at fair value, January 1 $720 Expected return on plan assets 72 Actual return on plan assets 58 Contributions to the pension fund (end of year) 124 Amortization of net loss 14 Pension benefits paid (end of year) 17 Pension expense 96 Required: Determine the amount of pension plan assets at fair value on December 31. (Enter your answers in millions. Amounts to be deducted should be indicated with a minus sign) Pension Plan Assets Beginning of the year _______ _________________ _______ _________________ _______ _________________ _______ _________________ _______ End of the year _______
The following data relate to Ramesh Company's defined benefit pension plan:
($ in millions)
Plan assets at fair value, January 1 $720
Expected return on plan assets 72
Actual return on plan assets 58
Contributions to the pension fund (end of year) 124
Amortization of net loss 14
Pension benefits paid (end of year) 17
Pension expense 96
Required:
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)
Pension Plan Assets
Beginning of the year _______
_________________ _______
_________________ _______
_________________ _______
_________________ _______
End of the year _______
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