Question: If pension expense recognized in a period exceeds the current amount funded by the employer, what kind of account arises, and how should it be

If pension expense recognized in a period exceeds the current amount funded by the employer, what kind of account arises, and how should it be reported in the financial statements? If the reverse occurs—that is, current funding by the employer exceeds the amount recognized as pension expense—what kind of account arises, and how should it be reported?

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