Fontaine Industries Corp., a publicly accountable enterprise, has a defined benefit pension plan for its employees that is in a net asset position at the end of 2020. What amount can the company recognize as an asset on its statement of financial position with respect to the net asset position of the pension plan?

Question 17 options:

a) Nil; it is not permissible to present a net asset position under IFRS.

b) The greater of the surplus in the plan or the defined benefit obligation (DBO)

. c) The lesser of the surplus in the plan or the asset ceiling.

d) The surplus in the plan.