Accounting Liabilities

Look around the financial press or the internet for a recent (a year or so) story about some organization’s liability accounting issue.  Many corporations and governmental entities have significant pension liabilities (one possible discussion area). Many firms have significant liabilities that arise from warranties or leases (another). Lawsuits are yet another potential liability for some firms.  If you’re unsure about whether the article deals with liability accounting I’d be happy to look at it.  Summarize what you find in a couple paragraphs