Reynolds American, Inc., has numerous pages dedicated to describing contingent liabilities in the notes to recent financial

Question:

Reynolds American, Inc., has numerous pages dedicated to describing in the notes to recent financial statements. These pages include extensive descriptions of multiple . Use the Internet to research Reynolds American, Inc., at www.reynoldsamerican.com.
a. What are the major business units of Reynolds American Inc.?
b. Based on your understanding of this company, why would Reynolds American require so many pages of contingency disclosure?
Contingent liabilities
A contingent liability is an obligation of business related to an uncertain future event. The business must record it in its financial statements if the amount can be reliably estimated and it is probable that amount will be paid by business as a...