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

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

Required:

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

Click here: Lahey Corp. has three defined-benefit pension plans as follows