Go to the Buckeye Partners, L.P. website where forms filed with the SEC are available through the Investment Center. Find Buckeye's recent annual financial statements in their most recent 10-K report for the partnership. Using the interactive data option, review the Condensed Consolidated Statement of Operations, Consolidated Balance Sheets, and the Notes to Financial Statements and answer the questions posed below.

1. When was Buckeye Partners L.P. formed? What is their main business?

2. Who are the limited partners and who are the general partners?

3. Review Buckeyes financial statements as well as the accompanying notes. List and briefly discuss information included for this partnership that would typically not appear in financial statements produced for a corporation. Also comment on similarities between Buckeyes financial statements and those of a corporation.