Lahey corp has three defined benefit pension plans as


Question: Lahey Corp. has three defined benefit pension plans as follows.

                   Pension Assets                Projected Benefit
                   (at Fair Value)                      Obligation

Plan X              $600,000                         $500,000

Plan Y               900,000                           720,000

Plan Z               550,000                          700,000

How will Lahey report these multiple plans in its financial statements?

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Accounting Basics: Lahey corp has three defined benefit pension plans as
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