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

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

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