According to the IASB, Recognition of a Liability Is Required

According to the IASB, recognition of a liability is required when the defined benefit obligation exceeds the fair value of plan assets.Conversely, when the fair value of plan assets exceeds the defined benefit obligation, the Board

A) requires recognition of an asset.
B) requires recognition of an asset if the excess fair value of plan assets exceeds the corridor amount.
C) recommends recognition of an asset but does not require such recognition.
D) does not permit recognition of an asset.