Of the following statements, which are true for the corporate form of organization? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.) Directors oversee its business affairs. unchecked Ownership is usually transferred readily. unchecked Stockholders do not have the power to bind the corporation to contracts. unchecked It has a continuous life. unchecked Generally there is no double taxation on corporate income that is distributed to owners. unchecked It is not a separate legal entity from its owners. unchecked Owners are liable for debt and the acts of the corporation.
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