The company selectedis the Kroger Co.. Please see the attached file for the guidelines and rubric.

ACC 630 Milestone One Guidelines and Rubric For the final project, you will continue to work with the retail company that you chose in ACC 610 or, if you transferred into ACC 620, you will continue with the retail company you chose from the following options: Wal-Mart, Target, Sears, Kroger, or Amazon. You have adopted this company to apply learning concepts in authentic scenarios. For this project, you will conclude the portfolio that you have been assembling throughout the financial reporting series. This is the first of three milestone assignments that will lead to completion of your course project. In this assignment, you will complete Section I of the final project. You will prepare a Word document that addresses the critical elements below. Make sure you answer each question in a substantive way and defend your content with at least one scholarly source other than your textbook. You will want to pay close attention to the grading rubric in order to make sure you meet the exemplary level in each requirement. Specifically, the following critical elements must be addressed: I. Business EntitiesPartnerships and Corporations Assume your company is involved in a major lawsuit and the probable damages are estimated to be $2,000,000. A. Describe the effects damage estimates would have on the financial statements of a corporation and a partnership. B. How do disclosure requirements differ from a corporation to a partnership and what information is required? C. Are the shareholders at risk for any personal liability with the company set up as a corporation? Defend your response. D. If your company was set up as a partnership, would the partners be at risk for personal liability? Defend your response. Guidelines for Submission: Your paper must be submitted as a 2- to 3-page Microsoft Word document with double spacing, 12-point Times New Roman font, and one-inch margins. You should use at least one outside source other than the textbook. Sources should be cited according to APA style. Instructor Feedback: This activity uses an integrated rubric in Blackboard. Students can view instructor feedback in the Grade Center. For more information, review these instructions. Rubric Critical Elements Business Entities: Damages Estimate Exemplary (100%) Meets \"Proficient\" criteria and description is exceptionally clear and contextualized Business Entities: Disclosure Requirements Meets \"Proficient\" criteria and uses relevant research to illustrate claims Business Entities: Personal Liability Meets \"Proficient\" criteria and defense is well supported and logical Business Entities: Partnership Meets \"Proficient\" criteria and defense is well supported and logical Determines whether the partners would be at risk for personal liability and defends response Submission is free of errors related to citations, grammar, spelling, syntax, and organization and is presented in a professional and easy to read format Submission has no major errors related to citations, grammar, spelling, syntax, or organization Articulation of Response Proficient (90%) Describes the effects the damages estimate would have on the statements based on the company being set up as a corporation Identifies how disclosure requirements differ from a corporation to a partnership and what information is required Determines whether the shareholders are at risk for any personal liability and defends response Needs Improvement (55%) Describes the effects the damages estimate would have on the statements, but does not base this on the company being a corporation Identifies how disclosure requirements differ from a corporation to a partnership, but not what information is required Determines whether the shareholders are at risk for any personal liability, but does not defend response or defense is weak or cursory Determines whether the partners would be at risk for personal liability, but does not defend response or defense is weak or cursory Submission has major errors related to citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas Not Evident (0%) Does not describe the effects the damages estimate would have on the statements Value 22.5 Does not identify how disclosure requirements differ from a corporation to a partnership 22.5 Does not determine whether the shareholders are at risk for any personal liability 22.5 Does not determine whether the partners would be at risk for personal liability 22.5 Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas Total 10 100%