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What point if ever does honda have a liability

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Reference no: EM132513405

Question 1: Honda recently discovered that there were problems with the Airbags installed in both Honda and Acura SUVs manufactured in 2016. At what point, if ever, does Honda have a liability?

Question 2: Should this event be reported on the financial statements? If so, how would it be reflected?

Reference no: EM132513405

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