Altria Group, Inc., has more than 12 pages dedicated to describing contingent liabilities in the notes to
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Altria Group, Inc., has more than 12 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 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 more than 12 pages of contingency disclosure?
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answer a The major business units of Altria Group Inc are as follows Philip Morris USA PM USA PM USA is engaged in the manufacture and sale of cigarettes and smokeless tobacco products including iconi...View the full answer
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Related Book For 
Accounting
ISBN: 978-1285743615
26th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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