Question: Avalon Pharmacy has recently been formed to develop a new type of drug treatment for cancer. Previously a partnership, Avalon has now become a corporation.

Avalon Pharmacy has recently been formed to develop a new type of drug treatment for cancer. Previously a Avalon has now become a corporation. Describe the various groups that will have an interest in Avalon’s financial statements. What is the difference between a and a corporation? What advantages does the corporate form have over the form of business organization?

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