Indicate whether each of the following statements concerning possible organization structures is true or false. If a statement is false, indicate why it is false.

a. A corporation and its investors are legally the same entity.

b. The shareholders of a corporation are not liable for the debts of the corporation.

c. A publicly held corporation usually sends its financial statements to all of its owners (investors).

d. A corporation is less risky (for its owners) than a partnership or sole proprietorship.

e. It is more expensive to form a corporation than a sole proprietorship.

f. Shareholders are taxed on the corporation’s net income. p-968