Question: For an underfunded pension plan, the amount reported as a current liability represents which of the following? Group of answer choices Plan assets less the

For an underfunded pension plan, the amount reported as a current liability represents which of the following?
Group of answer choices
Plan assets less the total pension obligation
Pension obligation due in the next 12 months
There is no current liability for an underfunded pension plan.
Pension obligation due in the next 12 months less plan assets

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