Question: Altria Group, Inc., has over 12 pages dedicated to describing contingent liabilities in the notes to recent financial statements. These pages include extensive descriptions of

Altria Group, Inc., has over 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 11 pages of contingency disclosure?

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