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General Electric Company (GE) Requirement: General Electric reported total assets of $300 billion. In light of this, discuss how the company's adherence to the principle

General Electric Company (GE) Requirement: General Electric reported total assets of $300 billion. In light of this, discuss how the company's adherence to the principle of conservatism might influence its financial reporting decisions, especially concerning the valuation of assets and recognition of liabilities.

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