A corporation's pension plan has accumulated benefit obligations of \(\$ 830,000\) and assets that are worth \(\$ 790,000\). What will this company report for its pension plan? (p. 659)

a. Accumulated benefit obligation of \(\$ 830,000\)

b. Note disclosure of the \(\$ 40,000\) excess of accumulated benefit obligation over plan assets

c. Long-term pension liability of \(\$ 40,000\)

d. Nothing