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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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