The following data relate to Voltaire Company’s defined benefit pension plan: ($ in millions) Plan assets...
The following data relate to Voltaire Company’s defined benefit
pension plan:
| ($ in millions) | |||
| Plan assets at fair value, January 1 | $ | 730 | |
| Expected return on plan assets | 73 | ||
| Actual return on plan assets | 58 | ||
| Contributions to the pension fund (end of year) | 126 | ||
| Amortization of net loss | 14 | ||
| Pension benefits paid (end of year) | 18 | ||
| Pension expense | 98 | ||
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.)
|
|||||||||||||||
Homework Answers
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The following data relate to Voltaire Company’s defined benefit
pension plan:
($ in millions)
Plan assets...
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employees. The following data relate to the operation of the plan
for the year 2020 in which no benefits were paid. 1. The actuarial
present value of future benefits earned by employees for services
rendered in 2020 amounted to $56,100. 2. The company’s funding
policy requires a contribution to the pension trustee amounting to
$136,572 for 2020. 3. As of January 1, 2020, the company had a
projected benefit obligation...
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