Question

The balance of the Pension Asset and Liability column in the pension worksheet should equal the ________

Answer 1

The balance of the Pension Asset and Liability column in the pension worksheet should equal the net worth of the organization.

Step-by-step explanation:

In a balance sheet, the balance of the Pension Asset and Liability column should equal the net worth of the organization.

Net worth is calculated by subtracting the total liabilities from the total assets. In other words, it is the difference between what the organization owns (assets) and what it owes (liabilities).

For example, if the organization's assets are $500 and its liabilities are $300, the net worth would be $200. Therefore, the balance of the Pension Asset and Liability column should also be $200.