Question: Describe the effects damage estimates would have on the financial statements of a corporation and a partnership? How do disclosure requirements differ from a corporation

Describe the effects damage estimates would have on the financial statements of a corporation and a partnership? How do disclosure requirements differ from a corporation to a partnership and what information is required? Are the shareholders at risk for any personal liability with the company set up as corporations? If the Kroger Company was set up as a partnership would the partners be at risk for personal liability?

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