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Please give detailed answers to question no 3 and 4. Thanks! TP 3. LO 12.3 Toyota is a car manufacturer that has issued several recalls

image text in transcribedPlease give detailed answers to question no 3 and 4. Thanks!

TP 3. LO 12.3 Toyota is a car manufacturer that has issued several recalls over the years. One major recall centered on faulty air bags from Takata. A prior recall focused on unintentional pedal acceleration. Research information about the car manufacturer, and one of the two recall situations described. Answer the following questions: - What are some of the main points discussed in the supplements you researched? - What negative impact did this recall have on Toyota? - As a result of the recall, what contingent liabilities were (or could be) created? - How did Toyota handle the reporting of these contingent liabilities

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