This link is formalised in the accounting practice which puts uncovered pension liabilities on the sponsoring firm's balance sheet.
The company's balance sheet showed its financial position at the end of the fiscal year, providing a snapshot of its assets, liabilities, and equity.
When applying for a business loan, the bank requested a copy of the company's most recent balance sheet to assess its financial health.
The balance sheet is a key financial statement used by investors and analysts to evaluate a company's financial stability and performance.