Question: An employer sponsoring a defined benefit pension plan must report a liability on the balance sheet equal to a. The current year pension cost that

An employer sponsoring a defined benefit pension plan must report a liability on the balance sheet equal to

a. The current year pension cost that was not funded.

b. The difference between the fair value of plan assets less the accumulated benefit obligation.

c. The difference between the accumulated benefit obligation and the projected benefit obligation.

d. The difference between the fair value of plan assets less the projected benefit obligation.

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