The following data relate to Voltaire Company\'s defined benefit pension plan: P

Question

The following data relate to Voltaire Company's defined benefit pension plan: Plan assets at fair value, January 1 Expected return on plan assets Actual return on plan assets Contributions to the pension fund (end of year) Amortization of net loss Pension benefits paid (end of year) Pension expense $770 62 134 15 106 Required: Determine the amount of pension plan assets at fair value on December 31. (Enter your answers in mil should be indicated with a minus sign.) Pension Plan Assets Beginning of the year End of the year

Explanation / Answer

Income statement

Plan asset

Beginning of the year

770

Actual return

62

Cash contribution

134

- Retiree benefit

22

End of the year

944

--------------------------------------------------------------------------------------------------------------------------

Feel free to comment if you need further assistance J

Pls rate this answer if you found it useful.

Income statement

Plan asset

Beginning of the year

770

Actual return

62

Cash contribution

134

- Retiree benefit

22

End of the year

944

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.