U.S. GAAP treatment of a defined benefit pension plan requires employers to recognize the funded status as _____, if the pension plan(s) is/are overfunded and _____, if the pension plan(s) is/are underfunded, and an adjustment to Other Comprehensive Income, a shareholders' equity account that is _____, for the offsetting amount

a. an asset; a liability; not part of net income
b. an asset; a liability; part of net income
c. a liability; an asset; not part of net income
d. a liability; an asset; part of net income
e. none of the above


A

Business

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