LOS 22 adding pension plan to balance sheet

I don’t agree with the calculation of adding all pension liabilities onto balance sheet as debt. I think it depends on how the pension was funded in the first place. If you buy equipment with retained earning, asset increase and equity increase. So if you fund a pension with retained earning, you should add to equity instead of liability. So I don’t quite agree that you add pension asset onto balance sheet and simply increase the right hand side with all debt. Therefore, all the subsequent calculation of operating asset beta and total asset beta don’t seem right to me Great if you guys have insights on that.

Let it go man!! Just do it as the CFA way, sleeps better that way.