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Many lawsuits are filed against General Motors each year due to injuries incurred by customers driving its cars. In General Motors' accounting records, these lawsuits

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Many lawsuits are filed against General Motors each year due to injuries incurred by customers driving its cars. In General Motors' accounting records, these lawsuits Should be recorded as a payment for dame s probable and the amount can be reasonably estimated Should always be recorded as currenti es Should always be disclosed footnotes to the financial statements Should never be recorded as labies O Should always be reflected as long term babe

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