Question: Brief Exercise 20-10 Lahey Corp. has three defined benefit pension plans as follows. Pension Assets (at Fair Value) Projected Benefit Obligation Plan X $600,000 $500,000

Brief Exercise 20-10

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

Pension Assets (at Fair Value) Projected Benefit 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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