Solved: How is this funded status reported on the balance sheet if, Accounting Basics

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How is this funded status reported on the balance sheet if

1. A pension plan is underfunded when the employer's obligation (PBO) exceeds the resources available to satisfy that obligation (plan assets) and over funded when the opposite is the case. How is this funded status reported on the balance sheet if plan assets exceed the PBO? If the PBO exceeds plan assets?

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Accounting Basics: How is this funded status reported on the balance sheet if

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