Identify which of the following statements are true for the corporate form of organization. Choose all...
Identify which of the following statements are true for the corporate form of organization. Choose all that apply.
- (A) Owners have limited liability for corporate debts.checked
- (B) It has an unlimited life.unchecked
- (C) Directors oversee its business affairs.checked
- (D) Ownership is usually transferred readily.unchecked
- (E) Generally there is no double taxation on corporate income that is distributed to owners.unchecked
- (F) It is not a separate legal entity from its owners.checked
- (G) Owners are agents of the corporation.
This one has had me stumped for hours.
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