Explain the major business units of Altria Group and, based on your understanding of this company, explain why would Altria Group require more than 12 pages of contingency disclosure.

[4/25, 1:05 PM] Sarah: #1 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 and visit Altria’s website for your research. https://investor.altria.com/annual-report-proxy-statement-annual-meeting/default.aspxThe financial reports can be found at: Explain the major business units of Altria Group and, based on your understanding of this company, explain why would Altria Group require more than 12 pages of contingency disclosure. Initial Response should be at least 250 words and should include at least one reference (not our textbook) in APA format. The Peer Response should be at least 100 words and add value.
[4/25, 1:06 PM] Sarah: #2 Payroll accounting involves the use of government-supplied forms to account for payroll taxes. Three common forms are the W-2, Form 940, and Form 941. Explain the purpose of each of these forms. Research other payroll forms that firms must file, name one other form and explain the use of the form. Initial Response should be at least 250 words and should include at least one reference (not our textbook) in APA format. The Peer Response should be at least 50 words and add value.
[4/25, 1:06 PM] Sarah: #3 Tom Callahan has agreed to invest $600,000 into an LLC with Mike Bernard and Justin Wilson. Bernard and Wilson will not make monetary investments but will dedicate time and knowledge to the LLC. Bernard and Wilson have agreed that the net income of the LLC should be divided so that Callahan receives receive a 10% return on his capital investment before dividing remaining income equally among the partners. In addition, Callahan has suggested that a partnership (LLC) agreement be drafted so that all matters are settled by majority vote, with each partner having a one-third voting interest in the LLC. Bernard and Wilson do not believe a partnership (LLC) agreement is needed. If you were providing advice to the LLC, explain what you might suggest about drafting a written partnership (LLC) agreement. Is one needed? If so, what should it include? Initial Response should be at least 250 words and should include at least one reference (other than our textbook) in APA format. The Peer Response should be at least 100 words and add value.
[4/25, 1:06 PM] Sarah: #4 When a corporation declares a stock split, the number of shares of that corporation will increase but the par value will decline by a proportionate amount (i.e. a 3 for 1 stock split provides for one share to split into three, however the par will decline to 1/3 of its original value); therefore, market cap (total value of all shares of stock) remains the same. Existing shares split, but the underlying value remains the same. As the number of shares increases, market price per share also goes down. What are some reasons why a company would issue a stock split. Research one publicly traded company that has split their stock in the last year. Explain why the company chose to do so. Include a link to the article that shows your research. Initial Response should be at least 250 words. The Peer Response should be at least 100 words and add value.
[4/25, 1:07 PM] Sarah: #5 Cannara Capital Inc. is a holding company that utilizes long-term debt extensively to fund its operations. At December 31, the company reported total assets of $150 million, total debt of $105 million, and total equity of $100 million. In March, the company issued long-term bonds totalling $12 million to investors at par value. This was the largest issuance of debt ever made by the company, and it increased the company’s ratio of total debt to total equity by a significant amount. Just one week later, Cannara filed legal documentation in preparation for an additional $60 billion long-term bond issue. As a result of this filing, the price of the $12 billion in bonds that the company issued earlier dropped to 93 due to an increase in risk associated with the company’s debt. The investors who purchased bonds in the original issue were not informed of the company’s plans to issue additional debt so quickly.
Did Cannara Capital, Inc. act unethically in its decision not to advise its initial bond issuers of its immediate plans to issue more debt? Initial Response should be at least 250 words and should include at least one reference (other than our textbook) in APA format. The Peer Response should be at least 100 words and add value.
[4/25, 1:07 PM] Sarah: #6 Conlin Company needs funding to purchase a machine for its manufacturing and is considering issuing bonds payable or borrowing from a local bank in the form of an installment note. Explain the difference between an installment note and a bond payable and what advice you would provide to Conlin. Initial Response should be at least 250 words and should include at least one reference (other than our textbook) in APA format. The Peer Response should be at least 100 words and add value.

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