CP 11-7 Contingent liabilities Reynolds American, Inc., has numerous pages dedicated to describing contingent liabilities in the notes to recent financial statements. nese pages include extensive descriptions of multiple contingent liabilities. Use the Internet to research Reynolds American, Inc., at www.reynoldsamerican.com What are the major business units of Reynolds American Inc.? Based on your understanding of this company, why would Reynolds American b. require so many pages of contingency disclosure