A Deficit or Surplus of a Defined Benefit Plan Is

A deficit or surplus of a defined benefit plan is:

A) the unfunded portion of the present value of the defined benefit obligation.
B) the remaining balance of plan assets after payments to current retirees.
C) the amount of plan assets plus current contributions minus the current year projected benefit obligations.
D) the difference between the present value of the defined benefit obligation minus the fair value of the net assets.