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A pension asset is reported when: a. the accumulated benefit obligation exceeds the fair value of pension plan assets. b. the accumulated benefit obligation exceeds

A pension asset is reported when: a. the accumulated benefit obligation exceeds the fair value of pension plan assets. b. the accumulated benefit obligation exceeds the fair value of pension plan assets, but a prior service cost exists. c. pension plan assets at fair value exceed the accumulated benefit obligation. d. pension plan assets at fair value exceed the projected benefit obligation

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