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QUESTION 6 Different types of ownership structures have different characteristics. Which of the following is not a characteristic of the corporate form of ownership? o The entity's life will continue in the event of a withdrawal by an owner Capital can be relatively easy to acquire through stock issuance o Owners report their share of the entity's earnings on their personal tax returns O Double taxation QUESTION 7 3 points Save Answer Which of the following statements regarding equity is false? Par value represents the legal capital that must be retained when a stock is issued. Dividends declared reduce earned capital. Paid-in capital in excess is generated with no-par stock with no stated value. Preferred shareholders typically do not receive voting rights