Altria Group, Inc., has over eight pages dedicated to describing contingent liabilities in the notes to recent

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Altria Group, Inc., has over eight pages dedicated to describing contingent liabilities in the notes to recent financial statements. These pages include extensive descriptions of multiple contingent liabilities. Use the Internet to research Altria Group, Inc., at http://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 eight pages of contingency disclosure?

objs. \(2,3,4\)

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Financial Accounting

ISBN: 9780324380675

10th Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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