Help Save & Exit 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 1:47:06 Should always be recorded as current liabilities 0 Should never be recorded as liabilities Should be recorded as abilities if payment for damages is probable and the amount can be reasonably estimated. Should always be recorded as current liabilities. Should never be recorded as liabilities Should be recorded as liabilities if payment for damages is probab le and the amount can be reasonably estimated Should always be reflected as long-term liabilities U Should always be disclosed in footnotes to the financial statements