Question: Brief Exercise 17-5 Changes in pension plan assets [LO17-4] Pension plan assets were $180 million at the beginning of the year. The return on plan

Brief Exercise 17-5 Changes in pension plan assets [LO17-4]

Pension plan assets were $180 million at the beginning of the year. The return on plan assets was 5%. At the end of the year, retiree benefits paid by the trustee were $7 million and cash invested in the pension fund was $11 million.

What was the amount of the pension plan assets at year-end?

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