C 1. A business organized as a separate legal entity owned by stockholders is a C 2. of accounting information are managers who plan, organize, and run a business. C 3. The was passed to reduce unethical corporate behavior and decrease the likelihood of future corporate scandals. C 4. activities involve collecting the necessary funds to start the business. C 5. The reports the assets, liabilities, and stockholders' equity of a business at a specific date. C 6. The claims of owners on the assets of a corporation are known as C 7. The basic accounting equation is Assets = C 8. The primary purpose of a is to provide financial information about the cash receipts and cash payments of a business