The following information relates to Green Company's defined
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The following information relates to Green Company's defined benefit pension plan during the current reporting year:
Plan assets at Fair Value 01/01 600,000,000
Expected rate of return on plan asset 50,000,000
Actual return on plan asset 40,000,000
Contribution to pension fund (end of year) 90,000,000
Amortization on net loss 0
Pension Benefits (end of year) 32,000,000
Determine the balance of pension plan assets at fair value on December 31.
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Solution Summary
The following information relates to Green Company's defined benefit pension plan during the current reporting year:
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Plan assets 600 m
Actual return ...
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