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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: Multiple Choice Should always be reflected as long-term liabilities 0 Should always be recorded as current liabilities 0 Should never be recorded as liabilities 0 Should be recorded as abilities if payment for damages is probable and the amount can be reasonably estimated 0 u Should always be disclosed in footnotes to the financial statements 0

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