An Analyst Is Reviewing the Financial Statements of a Company

An analyst is reviewing the financial statements of a company and notices that the company reports a pension liability on its balance sheet.What does the pension liability represent?

A) The present value of all future pension obligations.
B) The amount of this year's pension expense that has not been paid yet.
C) The increase in the pension obligation that was earned this year.
D) The difference between the pension plan obligations and the pension plan assets.