Pension data for Fahy Transportation Inc. include the following: ($ in millions) Discount rate, 9% Expected...

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Pension data for Fahy Transportation Inc. include the following: ($ in millions) Discount rate, 9% Expected return on plan assets, 12 Actual return on plan assets, 13% Projected benefit obligation, January 1 Plan assets (fair value), January 1 Plan assets (fair value), December 31 Benefit payments to retirees, December 31 $720 700 740 76 Required: Assuming cash contributions were made at the end of the year, what was the amount of those contributions? Cash contributions million Pension data for Fahy Transportation Inc. include the following: ($ in millions) Discount rate, 9% Expected return on plan assets, 12 Actual return on plan assets, 13% Projected benefit obligation, January 1 Plan assets (fair value), January 1 Plan assets (fair value), December 31 Benefit payments to retirees, December 31 $720 700 740 76 Required: Assuming cash contributions were made at the end of the year, what was the amount of those contributions? Cash contributions million

Answer rating: 100% (QA)

Answer Plan Assets fair value December 31 ... View the full answer