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 Use the Internet to research Altria Group, Inc , at www altria com a What are the major business units of Alt...

a Altria Group is a holding company for a number of businesses ...

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 . Use the Internet to research Altria Group, Inc., at www.altria.com.
a. What are the major business units of Altria Group?
b. 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...