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 hnp://www.sec.gov/edgar/searchedgar/companysearch.himl, 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.
Based on your understanding of this company, why would Allria Group require a note on contingent liabilities?
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