A corporation has a defined-benefit plan. A pension liability will result at the end of the year if the a. projected benefit obligation exceeds the fair value of the plan assets. b fair value of the plan assets exceeds the projected benefit obligation. 8. amount of employer contributions exceeds the pension expense. d. amount of pension expense exceeds the amount of employer contributions 9 When a company amends a defined-benefit pension plan, prior service costs should be a. treated as a prior period adjustment because no future periods are benefited b amortized in accordance with procedures used for income tax purposes. c. reported as an expense in the period the plan is amended. d. recorded in other comprehensive income (PSC).