Question: 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

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 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?

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