How does current pension accounting (SFAS158) articulate the net economic position (funded status) recognized in the balance

Question:

How does current pension accounting (SFAS158) articulate the net economic position (funded status) recognized in the with the smoothed net periodic pension cost recognized in net income?

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...