Final answer:
The balance of the Pension Asset and Liability column should equal the net worth
Step-by-step explanation:
The balance of the Pension Asset and Liability column in the pension worksheet should equal the net worth. Net worth is calculated by subtracting the total liabilities from the total assets.
For example, if the assets in the pension worksheet are $500 and the liabilities are $200, the net worth would be $300. Therefore, the balance in the Pension Asset and Liability column should also be $300.
It is important for the balance of the Pension Asset and Liability column to equal the net worth to ensure the accuracy of the balance sheet and to reflect the financial position of the pension plan.