1. Which of the following is incorrect regarding Canadian corporations? 2. a. Corporations are separate legal entities. b. A corporation may enter into a legal agreement with another corporation. c. A corporation may enter into a legal agreement with an individual. d. For tax purposes, income generated by a corporation is allocated to shareholders. In most cases, what is the tax treatment of dividends received by a Canadian corporation from another Canadian corporation? a. The dividends are added to income and taxed. b. The dividends are added to income and then subtracted when calculating taxable income. c. The dividends are added to income then subtracted when calculating taxable income, so long as the receiving corporation had a 10% equity investment in the corporation paying the dividend. d. Canadian corporations are not legally entitled to receive dividends from other Canadian corporations