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The following data relate to Berg Companys defined benefit pension plan: ($ in millions) Plan...

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Question

Accounting

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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