A business enterprise has an underfunded defined benefit pension plan. As a result, what amount should it report in its balance sheet? Which section of the authoritative literature best defines the amount to be reported in the balance sheet? Enter your response in the answer fields below. Guidance on correctly structuring your response appears above and below the answer fields.

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.