The following information relates to Schmidt Sausage Company's defined benefit pension plan during the current...
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Accounting
The following information relates to Schmidt Sausage Company's defined benefit pension plan during the current reporting year:
($ in millions)Plan assets beginning of the year$ 600Expected return on plan assets60Actual return on plan assets50Cash contributions80Amortization of net loss10Retiree benefits11
Required:
Determine the amount of pension plan assets at fair value on December 31.
Note: Enter your answers in millions.
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