Pension data for Fahy Transportation Incorporated include the following: Discount rate, 9% Expected return on plan...

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Pension data for Fahy Transportation Incorporated include the following: 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 ($ in millions) $ 620 600 630 84 Required: Assuming cash contributions were made at the end of the year, what was the amount of those contributions? Note: Enter your answer in millions (i.e., 10,000,000 should be entered as 10). Cash contributions million Pension data for Fahy Transportation Incorporated include the following: 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 ($ in millions) $ 620 600 630 84 Required: Assuming cash contributions were made at the end of the year, what was the amount of those contributions? Note: Enter your answer in millions (i.e., 10,000,000 should be entered as 10). Cash contributions million

Answer rating: 100% (QA)

To determine the cash contributions made during the year we need to consider the following 1 The inc... View the full answer