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Assume a pension plan's total pension liability is greater than the related pension plan's net...

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Accounting

Assume a pension plan's total pension liability is greater than the related pension plan's net position. How should this be reported in the government-wide financial statements? Select one: A. Nothing is reported in the government-wide financial statements but fund reporting is required. B. It is not reported if the actuarial value of plan assets exceeds their aggregate cost. C. The excess of the total pension liability over the related pension plan's net position should be reported as a liability in the government-wide financial statements. D. The excess of the total pension liability over the related pension plan's net position should be reported as a deferred inflow of resources in the government-wide financial statements.

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