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The following data relate to Berg Companys defined benefit pension plan:
($ in millions)
Plan assets at fair value, January 1 $ 640
Expected return on plan assets 64
Actual return on plan assets 51
Contributions to the pension fund (end of year) 108
Amortization of net loss 11
Pension benefits paid (end of year) 15
Pension expense 80
Required:
Determine the amount of pension plan assets at fair value on December 31.
(Enter your answers in millions (i.e., 5,000,000 should be entered as 5). Amounts to be deducted should be indicated with a minus sign.)
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