Question: E 1 7 - 7 Changes in plan assets; determine cash contributions L 0 1 7 - 4 Pension data for Fahy Transportation Inc. include

E 17-7 Changes in plan assets; determine cash contributions L017-4
Pension data for Fahy Transportation Inc. include the following:
($ in millions)
Discount rate, 7%
Expected return on plan assets, 10%
Actual return on plan assets, 11%
Projected benefit obligation, January 1
Plan assets (fair value), January 1
Plan assets (fair value), December 31
Benefit payments to retirees, December 31
Required:
Assuming cash contributions were made at the end of the year, what was the amount of those contributions?
 E 17-7 Changes in plan assets; determine cash contributions L017-4 Pension

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