Altria Group, Inc , has a note dedicated to describing contingent liabilities in its recent financial statements This note includes extensive descriptions of multiple contingent liabilities Go to the Web site www sec gov edgar searchedgar companysearch html enter MO as the ticker symbol, click on 1...

1 This case involves a transaction in which a security has been issued that has characteristics of b ...

Altria Group, Inc., has a note dedicated to describing contingent liabilities in its recent financial statements. This

Question:

Altria Group, Inc., has a note dedicated to describing in its recent financial statements. This note includes extensive descriptions of multiple . Go to the Web site www.sec.gov/edgar/searchedgar/companysearch.html enter MO as the ticker symbol, click on 10-K Documents, and click on Form 10-K. Using the Table of Contents and excerpts from the annual report, answer the following questions.
1. What are the major business units of Altria Group?
2. Based on your understanding of this company, why would Altria Group require a note on ?

Contingent liabilities
A contingent liability is an obligation of business related to an uncertain future event. The business must record it in its financial statements if the amount can be reliably estimated and it is probable that amount will be paid by business as a...