The following data relate to Ramesh Company's defined benefit pension plan: ($ in millions) $ 600 60 Plan assets at fair value, January 1 Expected return on plan assets Actual return on plan assets Contributions to the pension fund (end of year) Amortization of net loss Pension benefits paid (end of year) Pension expense Required: Determine the amount of pension plan assets at fair value on December 31. Note: Enter your answers in millions. Amounts to be deducted should be indicated with a minus Pension Plan Assets Beginning of the year End of the year $ 48 100 10 11 72 0

In an organization employees are the most important resource and most important asset. They can lead an organization to the sky or can be the reason for unsuccessful of business. Therefore, it is very much important that employees of an organization shou…