Take-or-Pay and Throughput Arrangements

CFA Level I
#1

[Edit] Nevermind

#2

i assume in the example they increase debt by PV of liabilities and equity by PV of earnings -> your asset get adjusted by PV (liabilities + earnings). since A = L + E, A gets adjusted automatically when you adjust L or E.

#3

I overlooked the example. I thought I saw an increase in debt and equity, but it was actually an increase in debt and the debt-to-equity ratio. My bad.