Question: A corporation has a defined-benefit plan. A pension liability will result at the end of the year if the (a) Accumulated benefit obligation exceeds the

A corporation has a defined-benefit plan. A pension liability will result at the end of the year if the

(a) Accumulated benefit obligation exceeds the fair value of the plan assets.

(b) fair value of the plan assets exceeds the projected benefit obligation.

(c) Projected benefit obligation exceeds the fair value of the plan assets.

(d) amount of pension expense exceeds the amount of employer contributions.

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